For example traders in equities can participate in "on close" auctions if they prefer to do so. No millisecond guessing, no bid/ask at all, pure double side auction. Yet only ~10% of the volume goes there.
You can open up your own ECN and offer fixed auctions every minute if you think this will attract people who feel cheated by HFT.
You can open up your own ECN and offer fixed auctions every minute if you think this will attract people who feel cheated by HFT.