Regarding labelling orders, we'd like to evaluate the need for it. So please if everyone wants a special labelling for orders, can you please jump in and tell us why you need it?
for me it's mostly related to market psychology.
Esp. during quick movements, the BFX internal market behaved significantly different than the "large public" markets Bitstamp and Gox.
My (surely subjectively biassed) impression is that "actions" tend to start rather from Gox and sometimes now from Bitstamp. Anyway, I often just watch the Bitstamp chart and when I see e.g. 2 big Ask walls inserted, then I'd like to identify those on the Bitfinex orderbook as well.
Regarding "psychology", Bitfinex had tremendous growth, but for all foreseeable future BFX and BSTMP are
two audiences, and most notably one of these two audiences (BFX) can see and watch the other one in action, while the opposite is not true; action on Bitfinex appears as sudden market activity on Bitstamp (unless someone has an Bitfinex account and cares to look into the BFX orderbook).
Regarding the feature itself, in the past it had three distinct aspects:
- the ability of routing orders to Bitstamp or limiting orders to Bitfinex
- the fact that the Bitstamp orderbook could disappear any time temporarily (due to connection problems), so you'd better not rely on a big Bitstamp order sitting there
- the convenience to see which offer comes from which audience
Order routing is gone now. Not sure about the handling of connection problems. But the thrid point is surely just some convenience, since you can look on a Bitstamp chart directly.