In the fast-paced world of futures trading, having access to the most precise and actionable data can make all the difference. That’s why we are thrilled to announce an exciting update to the Ironbeam trading platform: Market-By-Order (MBO) data is now available! This enhancement brings unparalleled depth and granularity to your trading experience, setting a new standard for market transparency and efficiency.

What is Market-By-Order (MBO) Data?

Market-By-Order (MBO) data is a revolutionary upgrade to traditional depth-of-market (DOM) tools. While regular Level 2 data provides insights into the nearest 10 price levels on each side of the market, MBO data goes a step further by offering a complete breakdown of working orders and contracts at every individual price. This means traders can now:

See the precise number of contracts at each price level.

Understand how many orders are stacked at a given price.

Gain a clearer view of market sentiment and liquidity dynamics.

With MBO, you’re not just looking at aggregated data; you’re seeing the market’s raw structure in real-time.

Enhanced Depth (DOM) Widget with MBO Slider

To make this new feature as user-friendly as possible, we’ve upgraded our platform’s depth-of-market (DOM) widget with an intuitive slider that enables MBO data. Here’s how it works:

Easy Activation: Simply use the slider within the Depth widget to toggle MBO data on or off. 

Customizable Views: Adjust the slider to seamlessly switch between traditional Level 2 data and detailed MBO insights.

MBO Trading: With MBO enabled, you can place orders on the Depth widget and see your order reflected in the MBO data upon order submission.

Why MBO Matters

MBO data isn’t just a tool; it can be a game-changer for traders who rely on precision and transparency. Here’s how it can elevate your trading strategy:

Improved Order Flow Analysis: Get a complete view of buy and seller activity at every price level.

Enhanced Decision-Making: Make more informed trading decisions with a deeper understanding of market dynamics. 

Strategic Edge: Gain a competitive advantage by spotting potential liquidity zones and large orders that others with Level 1 or 2 data might miss. 

Seamless Integration with the Ironbeam Platform

As always, our mission is to empower traders with cutting-edge tools that are intuitive and effective. The MBO data upgrade is seamlessly integrated into the Ironbeam trading platform, ensuring you can access it with zero disruption to your workflow.