054: Rishi Narang – Components of a Black Box, Humans Versus Computers, and High Frequency Trading
Chat With Traders
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The Importance of Queue Jumping Order Types
Many exotic order types are a direct result of certain inefficient aspects of market structure like a slow national best bid offer. A ban on locked markets is saying that you can't have the best bid and best offer both exist at the same price without them interacting. The term queue jumping is a little loaded I think uh what it means to jump a queue is there was a line there I show up later and I hop to the front of that line.
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