Re:The Day George Soros Broke the Bank of England to Make $1...
by noodles_nomore on Friday March 18, 2022 @07:03PM
(#30728737)
The book Flash Boys deals with this. It's a long time since I read it, but IIRC brokers need to split large orders and route them to different exchanges to get the best price (which is required under 'best-effort execution'). These orders will hit the exchanges at different times giving enough time for HFT to observe them at one exchange and front-run them at the other.
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Re:The Day George Soros Broke the Bank of England to Make $1...
by unmole on Friday March 18, 2022 @08:40PM
(#30729589)
> The book Flash Boys
Is a hopelessly bad book. It's a thinly disguised advertisement for IEX.
> front-run
I do not think it means what you think it means.
Re:The Day George Soros Broke the Bank of England to Make $1...
by sonotathrowaway on Saturday March 19, 2022 @12:53AM
(#30731175)
Most large orders won’t be retail traders though.