There has been a lot of talk about frontrunning lately and even though it's focused on stocks I think it can be applied to any market. Frontrunning happens when an entity buy stocks/pair/whatever milliseconds after a big institutionnal order and sell right after the order passed and pushed the price up.
I really don't understand why so many bloggers (Mish, Denninger et al.) say it's a bad thing : wouldn't using limit orders instead of market orders take the problem away ?
I really don't understand why so many bloggers (Mish, Denninger et al.) say it's a bad thing : wouldn't using limit orders instead of market orders take the problem away ?