FMIND5 software tech analysis

Hidden orders

Hidden Orders: A useful tool in a trader’s tool box to defend against predatory HFTs

Ever since the publication of the book Dark Pools in 2012, it became public that ECNs and exchanges were accommodating HFTs firms by offering them special order types that most market participants don’t get. These order types enable HFTs to decrease the amount of “adverse selection” they are exposed to and to be at the top of the queue, key components of profitable market making. read more