3 ms·
Well, as I understand it sort of the whole point of a market maker is that you don't "take your ball and go home". Traditional market makers are obligated not t
by ubernostrum 13y ago
Well, as I understand it sort of the whole point of a market maker is that you don't "take your ball and go home". Traditional market makers are obligated not to do that.
If HFTs want to be hailed as more efficient market makers, they should operate under the same obligation.
- tptacek 13y agoMarket markets (human, mechanical, hydraulic, electronic) are obligated to trade, but they are not obligated to trade at any particular price. They survive by constantly repricing their best bid/ask. They do that by... wait for it... canceling resting limit orders, and replacing them with orders at different prices.