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Why would a giant daily auction not also be subject to speed effects? There'd be a measurable advantage to being able to submit your daily order as late as poss
by regularfry 16y ago
Why would a giant daily auction not also be subject to speed effects? There'd be a measurable advantage to being able to submit your daily order as late as possible, surely?
- skybrian 16y agoYes, but only when significant news happens at the last minute. (Think about why companies release earnings after the market closes.)