Re:A High Frequency Trader's Apologia, Part 1
by losvedir on Tuesday April 17, 2012 @04:20PM
(#3854779)
> For instance you could, if it is allowed, submit a tiny orders in increasing price until it gets filled.
Ha, that's clever. I suppose any system that people come up with will always have ways to game it. Reminds me of Arrow's Impossibility Theorem[1] which basically proved that there's no possible perfect voting system. Ah well.
Ha, that's clever. I suppose any system that people come up with will always have ways to game it. Reminds me of Arrow's Impossibility Theorem[1] which basically proved that there's no possible perfect voting system. Ah well.
[1] https://en.wikipedia.org/wiki/Arrow%27s_impossibility_theore...