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You don't have to have this random stuff. You can just do pro rata as they do in certain certain contracts on the CME. Though maybe it turns out that market par
by minimax 13y ago
You don't have to have this random stuff. You can just do pro rata as they do in certain certain contracts on the CME. Though maybe it turns out that market participants actually prefer price-time priority. There's a shocking thought.
- dredmorbius 13y agoSo if multiple opposite positions come through, each is assigned a slice of the transaction?
- kasey_junk 13y agoYes. You can read about the details in the specification: http://www.cmegroup.com/confluence/display/EPICSANDBOX/Matching+Algorithms#MatchingAlgorithms-Pro-Rata http://www.cmegroup.com/confluence/display/EPICSANDBOX/Match...
- dredmorbius 13y agoThanks.