Re:Google and Nasdaq Pursuing Nano-Second Precision in Netwo...
by londons_explore on Monday July 02, 2018 @04:23AM
(#17440079)
If you quantise the market, someone else will start a secondary market for the same commodity and trade there, waiting till the close of the one second window to arbitrage to the main market.
People who participate directly on the main market then effectively loose out, since you are doing your order blind in the future while other people on the secondary market are trading real-time and have more information than you at the close of the 1 second window.
People who participate directly on the main market then effectively loose out, since you are doing your order blind in the future while other people on the secondary market are trading real-time and have more information than you at the close of the 1 second window.