Thomson Reuters applies for randomisation patent
Ideal latency floor batches orders competing in different races
Foreign exchange trading platform Thomson Reuters has applied for a patent under US law to secure the rights to what it calls "ideal randomisation" of orders, but despite a longer than one-year wait for the implementation of a latency floor, the platform has yet to give a date for launching its randomisation project.
The "ideal latency floor" differs from those used by ParFX and EBS in that it distinguishes between different types of races occurring on central limit order books (Clobs), and it
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