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Does HFT make sense in a pro-rata market?
If orders are filled pro rata, is there still incentive to engage in HFT? Because pro rata nullifies the time precedence rule, my intuition is no, but I figure there could be other aspects to it I'm ...
Mar 13 '11 at 0:12
newest market-microstructure order-handling questions feed
Please welcome jmac, Community Manager of the Rising Sun
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