The Eurex will be trialling this feature in a pilot phase, which they have named PLP, in June 2019 for German and French equity options traded on Eurex T7 (this will be activated in the simulation environment in March 2019).
More broadly, exchanges and regulators have been trialling out passive order protection or passive liquidity protection, whereby orders resting in the system are not given priority execution.
The idea is to "level the playing field" between high frequency trading investors and constitutes a form of "latency protection".
More broadly, exchanges and regulators have been trialling out passive order protection or passive liquidity protection, whereby orders resting in the system are not given priority execution.
The idea is to "level the playing field" between high frequency trading investors and constitutes a form of "latency protection".
No comments:
Post a Comment