LMAX Exchange, CEO, David Mercer shares his thoughts on the recent news on how the randomisation of an order book leads to greater transparency.
David Mercer comments the efficiency of randomisation might be perceived as a short term solution to greater transparency, however randomisation is not practised in any of the major global exchanges and experience to date dictates clients do not want their order filled randomly.
David Mercer, LMAX Exchange CEO, shares insights.