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by samolang 2907 days ago
Sure. All I was saying is that it's theoretically possible for a market order that a customer submits online to be front-run (as opposed to a market order submitted to a single exchange). No clue how often it happens in practice.
1 comments

It's theoretically possible and has always been for somebody to see order execution in progress and trade ahead of it. In practice, that's frequently just a side effect of somebody being so slow that their actions trigger quant algorithms, it's not a super profitable game trying to latency arb proper market sweeps anymore (not to say latency is not important in but, but it's usually for other reasons)