Minimum Resting Time – A terrible idea
There have been many articles in the media saying that SEBI might introduce a minimum resting time for any order before it could be cancelled. A report by Santa Fe Institute written J. Doyne Farmer and Spyros Skouras is a detailed write-up on the various aspects one must think about, while meddling with the market micro structure. The opinion expressed by both the authors is in the context of European markets.