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A turn based system seems like a horrible idea. First the major players would have a legitimate excuse to make sure their trades were first in the queue. Second
by merpnderp 7y ago
A turn based system seems like a horrible idea. First the major players would have a legitimate excuse to make sure their trades were first in the queue. Second they would immediately game this so that everyone in the line behind them had to watch as they triggered market changes one minute they were then in a perfect position to take advantage of the next minute.
- jcranberry 7y agoWouldn't that be blatant market manipulation? The SEC would fine the hell out of anyone who did that.
- NohatCoder 7y agoIn a turn based market your place in the queue is determined only by the price you bid. Everyone trades at the same price, except for those who bid too high/low, they don't trade. These systems are already running in many markets, typically at a rate of one trade round per day, but using them is optional.