Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

We actually have a system similar to what you describe in your last paragraph with the three "inverted" US equity exchanges where liquidity providers pay a fee and liquidity takers receive a rebate. It means that shares posted to the inverted exchanges are cheaper (net of fees) to aggressors than shares posted to other exchanges, so liquidity takers with a smart order router will look first to the inverted exchanges before the other exchanges.


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: