Serious question, for a second:
Does anybody know how much of Bitfinex' volume (on average) is routed to Bitstamp?
Bitstamp's API returns total volume (i.e. their own volume + orders from Bitfinex). Bitfinex' API doesn't distinguish between orders executed "internally" and "externally" either, to my knowledge.
The result is, we can't say for sure how much of the volume on stamp on finex is a duplicate... Can anyone who trades a lot on finex shine some light on this? Maybe you know how much, approximately, is routed to stamp, so we can at least guess how much stamp's volume has to be discounted.
Zero. They decoupled months ago.
Thanks. Also to dreamspark, F-bernanke.
So the situation changed drastically over the last year, huh? Last time I used finex, they were still routing 50+% to stamp, but that was a year ago or so I admit.
Interesting development. In the past months, I tended to always discount USD volume in my calculations/speculations by, say, 25% because I assumed some of it was reported twice, but maybe that was a mistake.
Coming back to this topic....
Wow, spike time! My stop-loss for a short got filled 40 USD (!) above the stop-price I set. Damn. Any suggestions as to how I can make it safer? Is there really nothing that can be done on your side to make the stops work better? I understand the mechanisms when a big market buy happens, so I guess there's little you can do about it...
Apparently also the Bitstamp USD reserve has been exhausted again. The spike would've been at least 20 lower if this hadn't happened. Which brings us back to the same issues we had in the November rally. Now that you changed the order book integration of Bitstamp we don't have any way of seeing when this happens, the order book just suddenly becomes thinner. Is there any way you could indicate to the users when this is about to happen? Please go back and consider possible solutions.
I understand that you have to minimize the risk of leaving funds on stamp, but when they go to zero, it's usually us traders who have to take the cost for it...