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VIP Front running of the "conditional order" book. Can Binance address this please... it's illegal?

Binance

Cryptocoins Exchanges / Binance 38 Views

Hello,

As an alternative of "conditional orders": I'm going to name them "stop orders".

Since Binance moved stops order to a separate e-book (finish of 2025), so that they're not sequenced and queued as a part of the central restrict order guide "CLOB", our stop derived taker slippage has spiraled out of control.

That is what appears to be occurring now:

Once triggered, Binance feeds the aggressor elements of the cease orders (market/limit) into the CLOB. They apply a throttle to this process.

Clients with whitelisted access to the VIP routing and knowledge feeds are capable of detect these throttled stop cascade occasions and do the following:

-Pull their maker liquidity.
-Front run the cascade with market/restrict orders (these hit the CLOB with out being sure by the identical throttled procedure as the triggered stop cascade).

There's a cause that this isn't allowed on tradfi exchanges such because the CME.

Binance, please tackle this... else I'll reach out to regulators.

submitted by /u/Billevansjam
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