3 ms·
By the way, this is an awful, awful idea that you hear quite a lot. Think about what would happen. What incentive would a participant have for placing an order
by gd1 13y ago
By the way, this is an awful, awful idea that you hear quite a lot. Think about what would happen. What incentive would a participant have for placing an order early in the one minute interval? If you can't cancel it, you're a sitting duck. And if you can't be executed now, why insert the order now? By doing so, you show your hand. You'd end up with a rolling one minute e-bay auction where everyone tries to insert at the last possible microsecond.
- MereInterest 13y agoWhy would it matter when people place the orders if there is no extra information to be gained during that time? If the orders placed are only revealed after they have taken effect, why bother waiting for the last moment?
- phyalow 13y agoYOu have just reinvented a 1 minute cross on a unlit platform...