3 ms·
You can't simply front-run someone else by having deep pockets. The only way that is possible is if you gain privileged information about that person's orders
by jstanley 7y ago
You can't simply front-run someone else by having deep pockets.
The only way that is possible is if you gain privileged information about that person's orders before they actually hit the book. The most practical way to do this is to be the exchange.
- traK6Dcm 7y agoOr to pay the exchange a large sum to get privileged access :)
- crazypyro 7y agoSeems they just simply could sell a faster connection and just call it an "institutional feed". Regulated financial exchanges basically do this already.
- johnvonneumann 7y ago> You can't simply front-run someone else by having deep pockets. Well you can, as was discovered in the Haim Bodek HFT shit storm.