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General Discussion / Re: any document for the maching algorithm?
« on: January 31, 2014, 07:12:45 pm »
Yep, I see. I think you've answered to my satisfaction... I guess the incentive to under-represent your willingness to trade still exists in traditional market matching, in a way that it doesn't necessarily in a 1-sided auction.
Obviously, 100% transparency will help a lot too.
So will it be possible for someone to create a client that automatically walks the book an order at a time? One that does traditional market-matching on the client side? I guess it will depend on how the network prioritizes orders - if it does something like "process high bids and low asks first" then client-side market matching would be quite a bit harder.
Obviously, 100% transparency will help a lot too.
So will it be possible for someone to create a client that automatically walks the book an order at a time? One that does traditional market-matching on the client side? I guess it will depend on how the network prioritizes orders - if it does something like "process high bids and low asks first" then client-side market matching would be quite a bit harder.