Time-Price Priority Gains
Customer Priority in Options Marts Comes Under Pressure
Traders Magazine, February 2007
There once was a time when public customers were the kings of the options marketplace. Their orders immediately jumped to the top of every order book, leaving market makers and other professionals to choke on their dust. Fortunately (or unfortunately, depending on your opinion), the days of priority for public customers' orders are now coming to an end.
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