RSJ: Liffe Algo Will Down System
The criteria encourage investors to split their orders into smaller lots, which can lead to a "flooding" in the system, says Karel Janeèek, member of the board of directors of RSJ Invest. "It is very disadvantageous to place any large single order on the market," he explains. "Instead of one limit order of 100 lots, traders prefer to place 100 single-lot limit orders."
Most algorithms are subject to traders' "unsociable behavior" such as splitting orders, say Liffe officials. "It's an issue that
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