Before exchanges invest another cent in faster data speeds & colocation, they need to work on speeding up this whole IPO first trade thing
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Totally agree. Hasn’t everyone had enough time to decide on what bids and offers to put in the book?
Exchanges can digitize a stock's first trade on the blockchain, instantly process trillions of $ of orders at a time, stream real-time data to HFT by the microsecond, yet it takes 5 hours to build an IPOs initial trading price....
