been digging into passive fill assumptions for HIP-4 lately, and the gap between receiving market data and knowing whether an order actually earned a fill is bigger than I expected. curious how other builders handle queue-ahead and aggressor-side trades in paper testing.
been digging into passive fill assumptions for HIP-4 lately, and the gap between receiving market data and knowing whether an order actually earned a fill is bigger than I expected. curious how other builders handle queue-ahead and aggressor-side trades in paper testing.