2 ms·
No, this is wrong. You've simply increased the complexity and hence the risk of submitting a bid/ask which is going to lead to increased spreads and increased c
by harryh 12y ago
No, this is wrong. You've simply increased the complexity and hence the risk of submitting a bid/ask which is going to lead to increased spreads and increased costs for people who buy and sell stock.
- bsder 12y agoUm, so? The goal here is to cut down on automated meltdowns caused by people trying to get a microsecond jump on everybody else. A stock price is supposed to have some relation to the value of the company. With HFT, it is pretty clear that we left that realm many moons ago. A random time within 10 seconds is hardly going to affect the stock price significantly. The fact that stock is going to be a couple of pennies more expensive isn't exactly going to gather any sympathy from me. And, a bigger bid/ask spread will stop stock price meltdowns which are more momentum-based (aka trader driven) rather than actual real information (aka business driven).