The sell program should be referring to a distinct algo, or Kirilenko’s evaluation is essentially flawed, as a result of the paper incorrectly identifies trades that hit
the bid as executions by the W&R algo. That implies that not one of the 6,438 trades have been executed by hitting a bid.
The sell program should be referring to a distinct algo, or Kirilenko’s evaluation is essentially flawed, as a result of the paper incorrectly identifies trades that hit
the bid as executions by the W&R algo. That implies that not one of the 6,438 trades have been executed by hitting a bid.
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