Cboe's SEC blocked experiment: how Solana's AMQs can improve market structures

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In 2019, the SEC blocked Cboe’s request to experiment with a 4ms delay on the EDGA Exchange. The experiment was designed to reduce toxic flow and improve liquidity. Too “discriminatory,” they said. Traditional finance can’t meaningfully test new market structures. But on Solana, we can. Introducing Asynchronous Market Queues (AMQs). With Application Controlled Execution (ACE) via Asynchronous Market Queues (AMQs), apps choose their execution order without requiring a protocol change. This yields policy-aware sequencing, tighter spreads, and better fills. ACE through AMQs offers a powerful primitive for Solana applications. By moving away from pure first-come-first-serve ordering, applications can create more sophisticated mechanisms that benefit specific application goals. Read more about how AMQs work, and how to implement them here: https://lnkd.in/gv6XR6MQ

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