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Randomisation – the best way to trade? Watch video commentary by David Mercer, LMAX Exchange CEO

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 Steven Fox, LMAX Technical Account Manager

 Wednesday, July 2, 2014

David Mercer, LMAX Exchange CEO, comments on recent discussions of randomisation, in particular questioning why some FX venues feel it necessary to introduce the model of randomisation when matching orders. He asks if randomisation is the best way...


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4 comments on article "Randomisation – the best way to trade? Watch video commentary by David Mercer, LMAX Exchange CEO"

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 Jon Grah, Trading Systems Automation Expert @ AwarenessForex.com

 Thursday, July 3, 2014



So is LMAX suggesting that FIFO (first in, first out) is the best approach? Or is a central order book the best (most transparent method)? Dealers previously had to be trusted to give you a fair deal vs showing how they deal (warehouse/internalize trades).

Were there any attempts to implement a central orderbook like LMAX before for FX? I think CLS bank is the closest thing to a central orderbook.


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 Alexander C., Securities Controller

 Thursday, July 3, 2014



Randomisation it's like to predict the future by throwing up a coin


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 Steven Fox, LMAX Technical Account Manager

 Friday, July 4, 2014



Thanks for you comments Jon. Yes LMAX believes in FIFO and that randomisation is not an approach we are looking to implement. LMAX offers a transparent, neutral and level playing field for all.


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 Abijith Nadahalli, Quant Strategist at Alphamatters.

 Friday, July 4, 2014



Nice information.

Thanks for sharing!

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