60 ms·

No matter what time box you choose, someone is not going to be able to react to information for longer than the time box. It introduces complexity for dubious b

No matter what time box you choose, someone is not going to be able to react to information for longer than the time box. It introduces complexity for dubious benefit, IMHO. And yes, this has been talked about endlessly. Heck, some people have proposed even further restrictions; for example, in practice, the first and last hours that the exchange are open tend to have the highest volume, so why not only keep the exchange open for those two hours?

Dylan16807 3y ago
> No matter what time box you choose, someone is not going to be able to react to information for longer than the time box. It introduces complexity for dubious benefit, IMHO. If releases like this were scheduled for 30 seconds into a 5 minute box, basically any trader that cares would be able to react inside the box. We could say 99.9% for the sake of argument. I can't exactly state whether it's a good idea overall, but the idea that it might not catch literally everyone doesn't really matter. It's an extreme example of letting the perfect be the enemy of the good, when it comes to this single aspect.
- steveklabnik 3y ago
  I personally tend to believe that the more complexity you introduce into systems like this, the more unintended consequences and more opportunities for shenanigans arise. I don’t think that five minute boxes moves the needle on societal good via the exchange. I am also not an expert.
  - kadoban 3y ago
    Is a system where you only process orders every X minutes actually more complex? The current system is _full_ of stupid shenanigans specifically due to a lack of a timebox.
- bluGill 3y ago
  A computer can process your release in 4 minutes. However if your release is complex at all a human would not be able to figure it out.
  - Dylan16807 3y ago
    A computer can process it in 4 seconds, but badly. Given 4 minutes I think a human with reasonable tools could do as good of a job as a computer.
    - bluGill 3y ago
      That depends on what the information his, and the add on side effects. Some things are subtle and take a while for a human to figure out.

Dylan16807 3y ago

> No matter what time box you choose, someone is not going to be able to react to information for longer than the time box. It introduces complexity for dubious benefit, IMHO. If releases like this were scheduled for 30 seconds into a 5 minute box, basically any trader that cares would be able to react inside the box. We could say 99.9% for the sake of argument. I can't exactly state whether it's a good idea overall, but the idea that it might not catch literally everyone doesn't really matter. It's an extreme example of letting the perfect be the enemy of the good, when it comes to this single aspect.

steveklabnik 3y ago
I personally tend to believe that the more complexity you introduce into systems like this, the more unintended consequences and more opportunities for shenanigans arise. I don’t think that five minute boxes moves the needle on societal good via the exchange. I am also not an expert.
- kadoban 3y ago
  Is a system where you only process orders every X minutes actually more complex? The current system is _full_ of stupid shenanigans specifically due to a lack of a timebox.
bluGill 3y ago
A computer can process your release in 4 minutes. However if your release is complex at all a human would not be able to figure it out.
- Dylan16807 3y ago
  A computer can process it in 4 seconds, but badly. Given 4 minutes I think a human with reasonable tools could do as good of a job as a computer.
  - bluGill 3y ago
    That depends on what the information his, and the add on side effects. Some things are subtle and take a while for a human to figure out.