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Come Get Your Sausage Right Heahhhh! 

By: capt_nemo in WRGO | Recommend this post (1)
Thu, 12 May 11 5:51 PM | 17 view(s)
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Msg. 00067 of 18626
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The Liquidity Partners are of course all internalizers and DMM’s, and the hierarchy of Liquidity Partners where the institutional order is sent depends on who is rebating the algo provider the best, and/or charging the least for execution. Time/price priority means nothing in this cloud. And when the order finally gets to the public markets, or the 65% of it that hasn’t been nibbled, dark internalizers step ahead of the order by a thousandth of a penny, or co-located HFT firms beat the order to its intended price by a microsecond.

http://www.ritholtz.com/blog/2011/05/come-get-your-sausage-right-heahhhh/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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