> This. A million times this. All possible arguments for price discovery are totally invalidated by regular market closures. As has been pointed out elsewhere

> This. A million times this. All possible arguments for price discovery are totally invalidated by regular market closures. As has been pointed out elsewhere, the really big markets are OTC. > If millisecond are good, then surely microseconds are even better! Next... nanosecond resolution price discovery for the uuuuuultimate liquidity. If I go to market to get a price, I'd quite like that price "now", not at some arbitrary point in the future. Increasing the resolution reduces the amount of time I have to wait.