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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.

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