4 ms·
Randomize orders using a cryptographic hash of the order, client info, and all other fields plus a random salt added when the order is submitted. Sort by hash.
by api 2y ago
Randomize orders using a cryptographic hash of the order, client info, and all other fields plus a random salt added when the order is submitted.
Sort by hash. Impossible to game unless you can break the hash function.
- mhmmmmmm 2y agoSo now I probabilistically spam a ton of different orders to on average get my desired fill... This just turns it into a "whoever is best at DoS'ing the exchange" game. As the orderbook fills with competitor orders it makes sense for yourself to also spam orders so each of your orders maintains the same probability of being filled
- api 2y agoImpose a small order fee.
- usefulcat 2y agoThat will tend to discriminate against smaller traders, like 'retail' traders.
- JumpCrisscross 2y ago> will tend to discriminate against smaller traders, like 'retail' traders Retail rarely hits an exchange.
- api 2y agoRetail usually has larger fees unless you mean Robin Hood which is monetizing you in other ways.
- shric 2y agoExchanges have requirements imposed on HFTs to prevent this kind of abuse. This one would be no different.