Payment for order flow, access to high speed proprietary exchange data feeds and conflicted order types are all deeply embedded in our stock market. As regular readers of our blog (and our book Broken Markets), you already know this. You already know that exchanges are constantly creating new order types to give advantages to their best clients. Besides discussing this topic in Broken Markets, we have been sounding an alarm over many of these order types for well over a year.
We talked specifically about the Hide not Slide order type on numerous
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