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There is currently a dark pool using a similar method: "The London Stock Exchange’s Turquoise Midpoint Dark Pool has a service known as Uncross, which matches
by unabridged 11y ago
There is currently a dark pool using a similar method:
"The London Stock Exchange’s Turquoise Midpoint Dark Pool has a service known as Uncross, which matches orders at the midpoint of the bid and offer with auctions held randomly every 5 to 10 seconds."
https://blogs.cfainstitute.org/marketintegrity/2014/11/10/are-frequent-batch-auctions-a-solution-to-hft-latency-arbitrage/ https://blogs.cfainstitute.org/marketintegrity/2014/11/10/ar...
- gd1 11y agoWhich is kind of the point. If people think that rolling auctions are better than a CLOB, they are free to set up exchanges that use auctions and see if anybody trades on them. Spoiler: No one will. Or are they arguing that the government should step in and tell people how to trade?