3 ms·
Adding support for fast settlement doesn't necessarily mean removing support for slow settlement. The customer placing an order could simply mark trades as "fas
by atombender 6y ago
Adding support for fast settlement doesn't necessarily mean removing support for slow settlement. The customer placing an order could simply mark trades as "fast" or "slow".
- totalZero 6y ago...And then we would need arbitrageurs to keep the fast NBBO in line with the slow NBBO, so that people in the two pools can trade with each another.
- atombender 6y agoWhy? This only affects settlement, not execution. Execution is already "real time".
- totalZero 6y agoBecause the trade has two sides that have to agree on settlement terms.