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atombender
on Feb 2, 2021
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Itβs Time for Real Time Settlement
Adding support for fast settlement doesn't necessarily mean removing support for slow settlement. The customer placing an order could simply mark trades as "fast" or "slow".
totalZero
on Feb 2, 2021
[β]
...And then we would need arbitrageurs to keep the fast NBBO in line with the slow NBBO, so that people in the two pools can trade with each another.
atombender
on Feb 2, 2021
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parent
[β]
Why? This only affects settlement, not execution. Execution is already "real time".
totalZero
on Feb 2, 2021
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root
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[β]
Because the trade has two sides that have to agree on settlement terms.
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