3 ms·
No. Because if orders are filled first come first serve if my order arrives 1 millisecond before yours my order will get filled before yours. Just like today wi
by harryh 11y ago
No. Because if orders are filled first come first serve if my order arrives 1 millisecond before yours my order will get filled before yours. Just like today with continuous markets.
- ThomPete 11y agoThe continous market delivers continues information which can then be used by HFT companies to take advantage of doing something humans can't. buy and sell in milliseconds. This is the problem NOT that one trader gets his or her orders in before the other. At least that is how I understand the problem.
- harryh 11y agoIf my order goes in before yours then there is a good chance that my order will get filled and yours won't. The speed at which traders (automated or otherwise) get in orders is of critical importance. If you don't understand that, then your understanding of the problem is hopelessly wrong.
- ThomPete 11y agoThat someone get an order in before another will always be a reality. It's not a problem anymore than there are winners and loosers on the stock market. What we are talking about is specifically removing the advantages of HFT (if one consider it a problem), not removing the fact that someone can get and order in before someone else.