Themis Trading Blog
<< Go Back

It’s Time To Abolish The Maker/Taker Model

01

February, 2012

They are at it again. In their never ending quest to attract HFT volume, the exchanges are constantly offering new incentives for the big HFT firms to play in their sandbox. This time NYSE ARCA has decided to increase the rebate they pay for order flow from their largest clients. Let’s just give a refresher on what the maker/taker model is and why it was formed. Back in 1997, the Island ECN (which was formed by former SOES bandit Datek Securities) invented a pricing scheme to attract orders to their

This content is restricted to site members. If you are an existing user, please login. New users may register below.

Existing Users Login
 Remember me  
Forgot password? Click here to reset
New Users Registration
*Please indicate that you agree to the TOS
*Required field

Post a Comment

You must be logged in to post a comment.

Home | Who We Are | The Themis Approach | Market Structure Analysis | Newsroom | Blog | Contact
Copyrights ® 2012 All Rights Reserved By Themis Trading LLC