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In a lot of FIFO markets, you will see price levels that have a large number of orders on them. Being in the front of this line is very valuable to a market mak
by harmegido 12y ago
In a lot of FIFO markets, you will see price levels that have a large number of orders on them. Being in the front of this line is very valuable to a market maker. Many will have those orders there weeks in advance specifically for the purpose of maintaining a good place in line. I wouldn't see this changing in a batch FIFO auction.
But I've never seen such a match before, so who knows.
- joosters 12y agoAh, I was thinking that the concept of these batch auctions was to start with a completely clean order book every round. But as you say, that wouldn't be any good for people wanting long-lasting orders.