News for hackers. Stuff that matters.

A comment on High-Speed Trading Firm Deleted Some Code by Accident. Parent comment

Re:High-Speed Trading Firm Deleted Some Code by Accident by cpwright on Friday October 02, 2015 @02:52PM (#10320480)
It enforces price priority, not price-time priority. Exchanges can use pro-rata, etc. at the same price level; and if multiple exchanges offer the same price level, a BD is free to choose any of those to route to.
[ Parent | on HN ]

There are no comments on this comment yet.