A High Frequency Trader's Apologia, Part 1

Re:A High Frequency Trader's Apologia, Part 1 by paulsutter on Tuesday April 17, 2012 @05:27PM (#3855078)

Thanks! I didn't realize that exchanges need to route orders to any other exchange with a better published price. That's a great rule. I assume that most ATS's are located within a short distance of each other.

Really helpful post. Thanks for the information.

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Re:A High Frequency Trader's Apologia, Part 1 by nihilum on Wednesday April 18, 2012 @04:20AM (#3857023)

> "I assume that most ATS's are located within a short distance of each other."

... if only. Reg NMS is a massive headache. This sort of price convergence would be better left to the arbitrageurs. Let the market deal with the light speed issues instead of trying to regulate physics.

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Re:A High Frequency Trader's Apologia, Part 1 by paulsutter on Wednesday April 18, 2012 @06:12PM (#3860511)

Fascinating. Even more interesting. Thanks for the information.

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