Re:The high-frequency trading arms race: frequent batch auct...
by hcarlens on Sunday October 17, 2021 @03:04PM
(#28898867)
When they were first introduced, each of the fba books had slightly different mechanics (matching priority, timing, price determination), so each book needs a slightly different approach. I guess you could see it as gamesmanship, but in equity markets dealing with market mechanics properly is just part of the job.
Has that become true in the auction space at well?