How Do the Lengths of the Lead Lag Time between Stocks Evolve? Tick-by-tick Level Measurements across Two Decades
There has been an extraordinary decrease in order execution time on stock exchanges in the past two decades.A related question is whether there has been a similar reduction in orders of magnitude for the lengths of the lead lag time between stocks.If the answer is affirmative, and the lengths of the lead lag time have long fallen Sunglasses below t