Would people be excited about once-a-day orderbook auctions on FTX?
Like how stocks have closing auctions at 4pm EST; this would probably be auctions (both for spot and futures) at midnight UCT or something like that.
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I doubt this is useful and just adds extra work for not much benefit as I can see. Auction occurs only for markets that takes breaks I reckon.
This is better:
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This would actually be useful for us more institutional types. Even better would be some form of trade-at-settlement like in the futures markets.
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