113: Benjamin Small – Normalizing Bitcoin, and Exploring the Cryptocurrency Ecosystem
Chat With Traders
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The Disdiscretionary Peg at IEX
The idea behind discretionary peg is to attempt to predict when that quote changing might occur and place one of the two order types that's best for the client in that particular situation. The general idea is to allow an exchange to do a little bit of algorithmic trading at the benefit of its client. So what discretionary peg does is try to predict on the client's behalf whether it should switch between a midpoint peg or a nearside peg.
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