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Occam
Registered: Apr 2009
Posts: 471 |
07-12-12 01:18 AM
Quote from Occam:
Vote delayed until September:
http://online.wsj.com/article/BT-CO...706-703635.html
A pity, as I'd be eager to see what a 1/2 second minimum would do, especially if there were no exemptions (excemptions being a major problem with almost all quoting rules/fees/etc. in the past -- many exchanges, and perhaps even some politicians, seem to want to give blanket exemptions to certain large firms, making the rules worse-than-useless in the end).
My guess is that a 1/2 second minimum for quotable orders would increase "usable" liquidity, not decrease it as some detractors (generally HFT firms themselves) have claimed. But who knows for sure -- it would have been nice if the Europeans had given it a shot to see what happens, in practice.
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FixedGrin
Registered: Aug 2011
Posts: 420 |
07-12-12 04:40 PM
Honestly, the Europeans imposing this rule on their exchanges, will be good for the US exchanges (in a way). Foreign HFT firms will start playing their games on the US exchanges, bringing more money into the US. However, I am sure that money will leave as quick as it came, and small investors and traders will be screwed over as usual.
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ronin266
Registered: Jul 2006
Posts: 241 |
07-15-12 07:47 PM
I don΄t even know how do US HFT firms survive this days of almost inexistent liquidity (BAC volume in NOK values,wtf). Doubt that europeans will find a good environment in this market.
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