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> and a healthy market should reflect that. You are begging the question. Why should a market reflect that? Why is that preferable to a daily auction (throw in
by FabHK 4y ago
> and a healthy market should reflect that.
You are begging the question. Why should a market reflect that? Why is that preferable to a daily auction (throw in a stochastic cut-off time to thwart HFT even more)?
- SnowHill9902 4y agoBecause you can’t make sure that all auctions happen at the same time. Consequently, news will disproportionately affect stocks having an earlier auction. That’s just one reason I’m mentioning.