4 ms·
He means every minute a single "opening trade" style trade happens and clears overlapping sections of the order book This has the advantage of every trader get
by shawabawa3 2y ago
He means every minute a single "opening trade" style trade happens and clears overlapping sections of the order book
This has the advantage of every trader getting the same price every minute. And racing against the clock has marginal utility
- JumpCrisscross 2y ago> racing against the clock has marginal utility It has the same utility as in the opening cross, the most algorithmically-trafficked moments of trading after the closing cross. The last order can incorporate more information than an earlier one. Given the book is assembled transparently, that means an order submitted close to the deadline can “see” other orders in a way they couldn’t “see” it.
- sdwr 2y ago> blind one trade per-minute granularity "Blind" meaning that no orders can "see" each other.