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While markets are supposed to ensure transparency by showing orders to everyone simultaneously, a loophole in regulations allows marketplaces like Nasdaq to sho
by ewjordan 17y ago
While markets are supposed to ensure transparency by showing orders to everyone simultaneously, a loophole in regulations allows marketplaces like Nasdaq to show traders some orders ahead of everyone else in exchange for a fee.
That's just wrong, plain and simple, as is the colocation of certain privileged servers next to (and I mean literally right next to, in the same rooms, even) exchange computers. The exchanges should not be able to profit by offering certain customers higher quality access to data that is supposed to be equally available to all, it seriously raises doubts about the fairness of the system as a whole.