4 ms·
> 2) Traders competing to make the same trades, but a microsecond faster: serves no purpose at all. So if time of quote has zero value, then how should the mar
by growse 3y ago
> 2) Traders competing to make the same trades, but a microsecond faster: serves no purpose at all.
So if time of quote has zero value, then how should the market decide which two orders at same volume and price gets executed?
- infecto 3y agoJust randomly pick it. /s I find these threads are the opposite of Bitcoin threads. It brings out the wild opinions about financial markets.
- AlbertCory 3y agoGood point. "Time" in a computer is not a real number in the mathematical sense. It's quantized. So simply set the quantum unit appropriately and call all trades within that unit "the same time." Then the choice is between N identical trades that come in at the same time. Random seems as good a method as any.
- infecto 3y agoThat would be a naive solution. This is why I have stated there is no easy solution to these problems. Randomizing it would lead to actors gaming it. How would you randomize it? Random why order? Then I will just place more orders maybe. Random across actors? Then maybe I add more actors to the pool. Instead of stroking your ego talking about time, I hope you realize that the solutions to fair market participation can be challenging and it’s not as easy to just make a blanket statement.
- deleted 3y ago[deleted]