Quote from TheStudent:
The messiness is mostly inherited from the days of open outcry, but there is no reason why trading in a stock shouldn't follow Globex - First In First Out queueing with Price, then Time priority in a single centralized queuing system.
centralized... bad... always 2 bags for the eggs. And seriously the most important issue for those overseas is lag, or ping time to user - broker - exchange - broker - user...
And any thoughts on this Hard limit concept for Oil ?
look with the hard limit on open size... I mean How could epic battle be fought if there is a hard limit...
If a giant fund want to face the Market and load like a crazy Gorilla, I hope that those that want to feed him, will be able to do it without limit.
I am right if I say that this bagholder can't have more than 50% anyway...
?However I think it's in his best interrest to not have more than 10& of the open size... ( because if he is right, it's possible that his counter part will not be able to pay... ).
