skunktrader wrote:
> Today, almost 3 months after the rest of the market, IB finally rolled
> out 10 deep market depth for Globex futures.  Seeing that JBT has only
> been seeing half of the market depth info that other players are
> seeing, I would be very interested to hear from anybody that has been
> running/testing over the past 3 months to see if there has been any
> obvious changes in system performance.
>
> If the performance has not changed over the period, then it would
> strongly suggest that there is zero predictive info in the market
> depth stream.
>   
Balancer works well on many days if you can play the optimization 
cat-mouse game. 

> For what its worth, I have noticed that the balance of the top 5
> levels is VERY OFTEN (far more than would be expected) the opposite
> direction compared to the balance of the top 10 levels.
>   
As Eugene once said, maybe that occurs when a burst of market orders 
come in.  Somebody on the
"tws api" yahoo mailing list was writing about a way to detect that. 
> Perhaps coincidently, this list seemed to die at around the same time
> as the 10 deep market depth was rolled out...
>   
Or perhaps they are too busy making money with JBookTrader ;)


> >
>
>   


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