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You would have to have it synced across all global exchanges, if it wasn't you end up with a similar position that we are in now every n time units.
by gaadd33 13y ago
You would have to have it synced across all global exchanges, if it wasn't you end up with a similar position that we are in now every n time units.
- hft_throwaway 13y agoYes and between futures, cash, and options exchanges worldwide. A market structure like this would be much more prone to gaming by sophisticated participants.
- pbhjpbhj 13y agoYou wouldn't need it synced except to the unit of the lock-step. Lock it to one trade per hour and you've got an hour's leeway. The deals are arranged and lodged with the exchange. The exchange processes all deals received by the lock time; deals remaining entirely private until that point. You could have one trade per day allowed - that should cut high-frequency trading down somewhat. Of course that's not going to happen because high-frequency and the arms race allows extraction by traders of the maximum value away from producers and towards their own financial cabal.