Pipeline Takes Aim at Information Leakage
TRADING TECHNOLOGY
A new alternate trading system will debut next year in an attempt to pinch pennying and trip up front-runners.
Institutional traders have been putting up with front-running and order-pennying for a long time and suffering in something less than silence every time traders and specialists get a whiff of their large block trades. Pricing decimalization was supposed to eliminate these under-handed practices by reducing their profitability from a six-and-a-half cent spread to a penny, but this has
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