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From what I understand batch auctions would match every participant's first order with everyone else's first order. Then all second orders would be matched toge
by ord-lhr-nyc-nrt 12y ago
From what I understand batch auctions would match every participant's first order with everyone else's first order. Then all second orders would be matched together, all third, and so on. I think this is how one of the FX exchanges is doing it now (or will be soon).
Caveat: I'm not a trader but was more on the engineering side.
- kasey_junk 12y agoBut what do you do when there are more participants on one side of the same price than the other? If it is FIFO you haven't eliminated any of the incentives for speed.