/ Oct 23, 2019

Behind the Trade: How Less (Venues) Can Be More (Liquidity)

"Trading on more venues translates to more liquidity, right? Well, no – not necessarily.

In this episode of Behind the Trade, Brad Katsuyama and Ronan Ryan explain how sending an order to multiple venues can translate to information leakage and price slippage. But when you rest your order on a venue designed to protect your order, you can let the market – and its liquidity – come to you. "