Way back in 2008 in our Toxic Equity Trading on Wall Street , we were one of the first to recommend a minimum order life. At the time, we recommended a one second minimum on orders. Since then many others have called for a minimum order life to try to limit the amount of phantom orders and pinging that goes on in the market. The SEC has even said they are looking at a minimum order life but they have been looking at this since the Flash Crash
This content is restricted to site members. If you are an existing user, please login. New users may register below.