FCA dark pool study reveals level of stale prices impact on venues

FCA dark pool study reveals level of stale prices impact on venues

September 20, 2016 | Margie Lindsay
Tags: best bid or offer (BBO), best execution, co-location, costs, dark pool, dislocations, Financial Conduct Authority (FCA), high frequency traders (HFTs), lit, London Stock Exchange (LSE), multilateral trading facilitates (MTFs), reference prices

All stale reference price events are long enough for an algorithm in the market to observe and act on but the top 1 per cent is long enough to be perceived by human traders.

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