Re:Google and Nasdaq Pursuing Nano-Second Precision in Netwo...
by physguy1123 on Sunday July 01, 2018 @04:14PM
(#17437327)
Manning rule dictates that retail orders held by a market maker must be filled before any other orders (or equally that fills must be given to the retail order), brokers don't look kindly on firms that reject customer orders with any regularity, and anyways retail flow on a volatile+wide spread symbol are loved by market makers.
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Re:Google and Nasdaq Pursuing Nano-Second Precision in Netwo...
by qeternity on Sunday July 01, 2018 @05:01PM
(#17437555)
This. Even in markets with last look, you will lose your flow if you dick about too much.
Re:Google and Nasdaq Pursuing Nano-Second Precision in Netwo...
by physguy1123 on Sunday July 01, 2018 @06:20PM
(#17437987)
I know of certain firms that will never reject retail orders unless they're truly invalid and will just fill at a loss to keep their flow.