> only if you make those bids visible. the bids are held in a buffer and at the end of the buffer
Everyone else's bids are invisible. The ones you submit--for your self and for your customers--are not. The larger a brokerage operation you run, the more of an edge you get under this system.
We created the unified tape and passed Rule NMS specifically to remove these incentives.
Everyone else's bids are invisible. The ones you submit--for your self and for your customers--are not. The larger a brokerage operation you run, the more of an edge you get under this system.
We created the unified tape and passed Rule NMS specifically to remove these incentives.