4 ms·
Providing liquidity (placing a non-marketable limit order and waiting for it to get matched) doesn't necessarily save you the spread. Your order is more likely
by tripletao 8y ago
Providing liquidity (placing a non-marketable limit order and waiting for it to get matched) doesn't necessarily save you the spread. Your order is more likely to execute if the price moves against you, so the adverse election hurts. Market microstructure is tricky...