5 ms·
So now I probabilistically spam a ton of different orders to on average get my desired fill... This just turns it into a "whoever is best at DoS'ing the exchang
by mhmmmmmm 2y ago
So now I probabilistically spam a ton of different orders to on average get my desired fill...
This just turns it into a "whoever is best at DoS'ing the exchange" game.
As the orderbook fills with competitor orders it makes sense for yourself to also spam orders so each of your orders maintains the same probability of being filled
- api 2y agoImpose a small order fee.
- usefulcat 2y agoThat will tend to discriminate against smaller traders, like 'retail' traders.
- JumpCrisscross 2y ago> will tend to discriminate against smaller traders, like 'retail' traders Retail rarely hits an exchange.
- api 2y agoRetail usually has larger fees unless you mean Robin Hood which is monetizing you in other ways.
- shric 2y agoExchanges have requirements imposed on HFTs to prevent this kind of abuse. This one would be no different.