Re:A High Frequency Trader's Apologia, Part 1
by traversal on Wednesday April 18, 2012 @01:35PM
(#3859179)
Why do you think there will be less incentive for speed in the discretized case? The reward for being first in line will be exactly the same.
And traders already have the option of advancing their price by a penny. The issue is that they are competing over hundredths of a penny.
This would result in much smaller incentive for speed and less money and energy spent on being faster, and more fair markets, etc.