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Who would think that going from a minimum tick of 3.125 cents to 1 cent could be so harmful. Colour me naive, because I'm not convinced by this narrative.
by lunchladydoris 14y ago
Who would think that going from a minimum tick of 3.125 cents to 1 cent could be so harmful.
Colour me naive, because I'm not convinced by this narrative.
- strongvigilance 14y agoIt's a story which gets pushed pretty hard by the more old-fashioned market makers, who are now getting out-competed by HFT/automated trading. Higher minimum tick is good for them as they earn money from the bid/ask spread, which necessarily has to be wider.