Dumb finance question thread of the day - I'm going to try & explain how IEX's D-Limit order works below. For those who know more than me, please tell me if I'm close to right or completely off-base. Thanks in advance:
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The goal of D-Limit isn't to reduce the cost to the big buyer. that could be accomplished by them routing so that their orders hit simultaneously. The goal for D-Limit is to protect the market maker posting on IEX from latency arbitrage when the big buyer routes sequentially
said differently, D-Limit rewards passive market makers over fast market takers...?
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yeah that's pretty fair in my opinion
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(your characterization I mean)
End of conversation
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