What's More Important: Price or Speed?

摘要

A buy-side head trader once told me that the best market he could hope for would be one that would be open for just an hour a day. Sixty minutes. It would be a market that would concentrate and focus on active buyers and sellers, forcing them either to agree on a price or go home with nothing done - if you wanted to trade, you'd either put up or shut up. It would be a market where size would matter and where gaming would be challenging.