3 ms·
Then they'd just complain about partial fills and failed orders and still blame HFT, I don't see that changing the default would solve anything at all.
by gnaritas 11y ago
Then they'd just complain about partial fills and failed orders and still blame HFT, I don't see that changing the default would solve anything at all.
- kasey_junk 11y agoI suspect folks will blame HFT for ever, that isn't really my point. Having to think about price limits and partial fills is good for anyone who is attempting to make a transaction as it removes an abstraction that is dangerous in many cases.
- gnaritas 11y agoI understand your point, I just don't think that's what would happen. The aren't going to think about those things anymore than they think about slippage with a market order. Whatever you give them, it won't match their ideal of fill me now at X price with no errors and they're going to complain either way and they're not going to think about it beforehand regardless of the default.