3 ms·
Umm, how do you take advantage of stale quotes with RegNMS; you can't hit a stale bid or offer and then go to another exchange and take the other side of the tr
by noname123 13y ago
Umm, how do you take advantage of stale quotes with RegNMS; you can't hit a stale bid or offer and then go to another exchange and take the other side of the trade and pocket the spread. RegNMS forces the worse-priced exchange to redirect their order to the exchange with a best offer.
However, best price is determined by the consolidated tape. Are you saying that the consolidated tape could lag and people take advantage of it?