5 ms·
>HFTs cannot see a customer’s order before it executes on an exchange. They cannot “jump in front of” an atomic order. I'm pretty sure this is what bid stuffin
by crdoconnor 9y ago
>HFTs cannot see a customer’s order before it executes on an exchange. They cannot “jump in front of” an atomic order.
I'm pretty sure this is what bid stuffing was all about.
- dsacco 9y agoNo, quote stuffing can be used in latency arbitrage between different exchanges, but it is literally not possible to peek at an order before it arrives on at least the primary exchange of origin.
- crdoconnor 9y agoYou say potato, I say potato. I say "jump in front of" you say "latency arbitrage".
- dsacco 9y agoOkay, you can use different terminology if you’d like, but per your original comment I responded to, it is still impossible to do.
- crdoconnor 9y agoSo you agree that jumping ahead of an order via quote stuffing is possible but jumping in front of an "atomic" order is not? I guess it's technically correct but it's not a particularly meaningful distinction given the context.