HFT in forex > value of a millisecond?

Discussion in 'Order Execution' started by eyagan, Nov 25, 2014.

  1. eyagan

    eyagan

    Ooohhh that spectacular Flash Boys!!!
    Now most of us are familiar with the ways that HFT makes money out of the retail order flows
    That's true for the listed asset classes however when the subject is FX... I am confused...
    Do any of you guys have practical or theoretical info about the worth of a millisecond in FX?
    Assume that you are the market maker and I am the retail FX trader:

    >> How much would you be willing to pay me
    If I would let you rest my order for 10ms in your liquidity pool?
    To be matched by you within that period or to be rejected and kicked to the other LPs...
    2$/mn -- 3$ -- 10$?

    >> How would that $ value increase if the resting period becomes larger (ie. linearly?)

    Any help would be highly appreciated...