Consensus lacking on optimal length for randomised pause


Curbing super-fast traders that seek to gain an advantage through technology has been a priority in the foreign exchange market for some time, particularly on EBS, where new dealing rules and the return to half-pip pricing have contributed to a strategic objective put in place a year ago to stamp out disruptive behaviour and facilitate genuine exchange of risk.

The latest measure to be proposed by EBS – the use of a so-called ‘latency floor', which would batch and pause incoming trades, randomis

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