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How to get your ratios right

Exchanges are imposing measures to curb the ‘noise’ created by cancelled orders

One way regulators and exchanges have tried to curb high-frequency trading is through reducing the order to cancellation ratio – a measure that has been prevalent in the futures market for some years. Is this a better proposal than minimum resting times?

And when it comes to trade ratios - the number of electronic orders a traders sends versus the number of orders they complete - how high is too high?

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