Re:Nanex Gets $700k Whistleblower Award from SEC
by mentat on Wednesday March 02, 2016 @03:02PM
(#11212571)
Exotic quote types and being paid for making the cross is where this explanation seems to hit market realities. HFTs are able to make money on fees by having special access not only in terms of latency but in terms of ordering.
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Re:Nanex Gets $700k Whistleblower Award from SEC
by kasey_junk on Wednesday March 02, 2016 @03:56PM
(#11212944)
All public exchanges are required to have public approval for all of their order types and you can look up how they behave at any time.
Re:Nanex Gets $700k Whistleblower Award from SEC
by chollida1 on Wednesday March 02, 2016 @04:34PM
(#11213199)
> Exotic quote types and being paid for making the cross is where this explanation seems to hit market realities.
What exactly is an "Exotic quote type"?
Do you mean order type because there is a huge difference. If you don't understand the difference it makes it hard to take your assertion seriously.