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I'm not being pedantic at all. It's the whole point of the order type and Market Making. Being a provider of liquidity as last resort. This order type is onl

• cma 12y ago
  Ok, you are saying market makers are there to handle single whale orders, and not floods of one-sided orders during rumor panics etc. And you are saying that market makers should be obligated to take on a single whale order, but if the same whale-order-placer instead splits his whale it into chunks and simultaneously places them, maybe to hit multiple exchanges at once, the market maker obligation goes away as long as the first chunk is small enough not to blow away the book. Yep, the order type is only for market-makers. That's pedantic too; I only ever talked about it in the context of market-makers, as an example of place-cancel not being the same as spoofing. I'm not sure if you are pointing this out to say I am conflating them. Maybe I should have picked a more noble non-spoofing example?