In a similar spirit, allow automated trading to take place, but only if the code and underlying data sets is open sourced after 5 (or 10?) years.
If you need manual intervention (i.e. gut estimates) to feed into the automated trade, it must be logged, and will be made publicly available at the same time as the code. There will also be a lag of 1 second.
As a carrot, servers with logged code can be co-located with the exchange, for a small fee. As a stick, anything outside the exchange gets the 1 second lag.
If you need manual intervention (i.e. gut estimates) to feed into the automated trade, it must be logged, and will be made publicly available at the same time as the code. There will also be a lag of 1 second.
As a carrot, servers with logged code can be co-located with the exchange, for a small fee. As a stick, anything outside the exchange gets the 1 second lag.