Brett Harrison: prediction

Transcript context

…Yes, that's something else I want to ask you about. What do you what is your opinion of periodic frequent batch auction systems? Should we have more of that instead of so? In theory, they help mitigate the advantages of high frequency trading. Because if you know there's going to be an auction every 30 seconds, and it's not going to be by time priority, it's going you buy price, then it doesn't matter if you send that order at the beginning of the 32nd period or the end of 32nd period. It's really the price that determines that you get filled. Not something to do with particular latency to the exchange. I think in practice, the couple of exchanges around the world that used to have those have switched away from them. I think the, like, Taiwan Stock Exchange used to have a periodic auction system. And I just thought the like, the liquidity and price discovery wasn't good and it was like, complained about a lot and they eventually moved off of it to a continuous matching system. So I guess in practice it doesn't quite work as well. But it's hard to tell. It's really hard to tell what country, meaning your long experience of dribbling financial infrastructure, what country do you feel has the best infrastructure and set up for good markets?…

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