a tiny tax to fix the problem of hft, page-5

  1. 21 Posts.
    Samscout,

    Good point on the stamp-duty!

    You need to ask the question as to why this market has run away from us, with a race to infinite speed? It's because we're forcing all traders to run a speed race: that's not necessary.

    I propose "TimeMatch" which is an alternative set of matching rules that do not reward speed over price improvement, as an alternative to the current "price-time priority". It is my hypothesis that it is price-time priority that has led to this race, and we need to give control of the market back to the traders who matter: liquidity providers. See a bunch of posts on my blog describing TimeMatch and the theory behind it.
 
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