Tradefair & Financials
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Why doesn't Betfair use a automated program to update the reference price and decide on the closing price of the contracts?
This would be very easy to automate. A lot of the time Betfair doesn't update the reference price in a timely manner.
Additionally, they settle the contract at the wrong price. Does anyone have an explanation for this? I know Betfair
would never answer this question for me.
This would be very easy to automate. A lot of the time Betfair doesn't update the reference price in a timely manner.
Additionally, they settle the contract at the wrong price. Does anyone have an explanation for this? I know Betfair
would never answer this question for me.
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I'm not sure about why they don't automate the process, but as for settling at a wrong price, any time this has happened before they have always resettled at the correct price later on as far as I am aware.
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