Re:A High Frequency Trader's Apologia, Part 1
by tptacek on Tuesday April 17, 2012 @07:34PM
(#3855594)
If Eve stays home, and Alice places a standing limit sell order at $10.00, and Bob comes along with a limit buy at $10.05, Alice's is the standing order and will set the price of the trade. The trade will fill at $10.00, not $10.05.
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