The Value of Queue Position in an Order Book

The Value of Queue Position in an Order Book

There is a great little barbecue place in Austin, TX called Franklin BBQ. People come from all over the country for this excellent BBQ and fantastic brisket. Many days, the line outside Franklin BBQ starts before 5 a.m. Franklin has no set closing time; they serve...
What is Rule 15c3-5?

What is Rule 15c3-5?

  Before an order is eligible to be sent for execution, it must pass through a broker’s pre-trade risk check to ensure the order is not violating any pre-determined thresholds. This rule is known as Rule 15c3-5, but what is this rule exactly? Bob Iaccino...
The Impact of Latency

The Impact of Latency

  Do you know how much latency is affecting your performance? Even a nanosecond delay can have an impact on active traders. Between execution speed and reliability, Bob Iaccino explores the questions traders should ask their brokerage...