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by pdonis
4402 days ago
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> there is no proof that it happens... > algos that don't pay up to jump priority queues do better than algos that do It looks to me like all of this is addressed at the version of scenario 2 that I was not talking about, the one where the HFT is working across multiple exchanges. > exchanges have a huge incentive to make sure this doesn't happen I'm not sure the casino analogy quite holds here, but I'll have to defer any further comment until I can find the article I mentioned somewhere in this subthread, that went into how this scenario would work in more detail. |
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