3 ms·
I think it is modeled in terms of endogenous vs exogenous entry. But I might be wrong, please correct me if I misunderstood.
by kylebrown 12y ago
I think it is modeled in terms of endogenous vs exogenous entry. But I might be wrong, please correct me if I misunderstood.
- tptacek 12y agoIt's obvious that they see the issue, since the examples in their slide deck are about correlation between different securities and between the same security trading on different exchanges. What I don't see is how batch auctions get around the distributed systems problem; we're still talking about an eventually-consistent system, right? There still must be opportunities for sniping, right? (I'm not smart enough to know the answer, which is why I'm asking).