{"record_type":"pith_number_record","schema_url":"https://pith.science/schemas/pith-number/v1.json","pith_number":"pith:2012:K7IUD2DCJK6JDVRMKLQLHRAVGE","short_pith_number":"pith:K7IUD2DC","schema_version":"1.0","canonical_sha256":"57d141e8624abc91d62c52e0b3c415310b3ce6aca4b0d808649e6cde6e5c0c7c","source":{"kind":"arxiv","id":"1210.1625","version":4},"attestation_state":"computed","paper":{"title":"Optimal order placement in limit order markets","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["q-fin.PM"],"primary_cat":"q-fin.TR","authors_text":"Arseniy Kukanov, Rama Cont","submitted_at":"2012-10-05T02:01:45Z","abstract_excerpt":"To execute a trade, participants in electronic equity markets may choose to submit limit orders or market orders across various exchanges where a stock is traded. This decision is influenced by the characteristics of the order flow and queue sizes in each limit order book, as well as the structure of transaction fees and rebates across exchanges. We propose a quantitative framework for studying this order placement problem by formulating it as a convex optimization problem. This formulation allows to study how the interplay between the state of order books, the fee structure, order flow proper"},"verification_status":{"content_addressed":true,"pith_receipt":true,"author_attested":false,"weak_author_claims":0,"strong_author_claims":0,"externally_anchored":false,"storage_verified":false,"citation_signatures":0,"replication_records":0,"graph_snapshot":true,"references_resolved":false,"formal_links_present":false},"canonical_record":{"source":{"id":"1210.1625","kind":"arxiv","version":4},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.TR","submitted_at":"2012-10-05T02:01:45Z","cross_cats_sorted":["q-fin.PM"],"title_canon_sha256":"5c0c1654d76de6b0ca5e14936f3c24a6c48797d7454b8b72bea9079b7f52bce9","abstract_canon_sha256":"c2c54fb595a792996be3c5de5a57732aaf8f161c9e8fc291a1fba4046110a07f"},"schema_version":"1.0"},"receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-18T02:33:01.618444Z","signature_b64":"+tjByVhYgXtcBeAAoZFXfZGaHUpRg5tAxZSqeiNgLtJHZ9PWZ7XlpdfcLXEqXMalTT2AdPBEtaLwHaZTWc8dAQ==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"57d141e8624abc91d62c52e0b3c415310b3ce6aca4b0d808649e6cde6e5c0c7c","last_reissued_at":"2026-05-18T02:33:01.618091Z","signature_status":"signed_v1","first_computed_at":"2026-05-18T02:33:01.618091Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"graph_snapshot":{"paper":{"title":"Optimal order placement in limit order markets","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["q-fin.PM"],"primary_cat":"q-fin.TR","authors_text":"Arseniy Kukanov, Rama Cont","submitted_at":"2012-10-05T02:01:45Z","abstract_excerpt":"To execute a trade, participants in electronic equity markets may choose to submit limit orders or market orders across various exchanges where a stock is traded. This decision is influenced by the characteristics of the order flow and queue sizes in each limit order book, as well as the structure of transaction fees and rebates across exchanges. We propose a quantitative framework for studying this order placement problem by formulating it as a convex optimization problem. This formulation allows to study how the interplay between the state of order books, the fee structure, order flow proper"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1210.1625","kind":"arxiv","version":4},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"aliases":[{"alias_kind":"arxiv","alias_value":"1210.1625","created_at":"2026-05-18T02:33:01.618147+00:00"},{"alias_kind":"arxiv_version","alias_value":"1210.1625v4","created_at":"2026-05-18T02:33:01.618147+00:00"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1210.1625","created_at":"2026-05-18T02:33:01.618147+00:00"},{"alias_kind":"pith_short_12","alias_value":"K7IUD2DCJK6J","created_at":"2026-05-18T12:27:11.947152+00:00"},{"alias_kind":"pith_short_16","alias_value":"K7IUD2DCJK6JDVRM","created_at":"2026-05-18T12:27:11.947152+00:00"},{"alias_kind":"pith_short_8","alias_value":"K7IUD2DC","created_at":"2026-05-18T12:27:11.947152+00:00"}],"events":[],"event_summary":{},"paper_claims":[],"inbound_citations":{"count":0,"internal_anchor_count":0,"sample":[]},"formal_canon":{"evidence_count":0,"sample":[],"anchors":[]},"links":{"html":"https://pith.science/pith/K7IUD2DCJK6JDVRMKLQLHRAVGE","json":"https://pith.science/pith/K7IUD2DCJK6JDVRMKLQLHRAVGE.json","graph_json":"https://pith.science/api/pith-number/K7IUD2DCJK6JDVRMKLQLHRAVGE/graph.json","events_json":"https://pith.science/api/pith-number/K7IUD2DCJK6JDVRMKLQLHRAVGE/events.json","paper":"https://pith.science/paper/K7IUD2DC"},"agent_actions":{"view_html":"https://pith.science/pith/K7IUD2DCJK6JDVRMKLQLHRAVGE","download_json":"https://pith.science/pith/K7IUD2DCJK6JDVRMKLQLHRAVGE.json","view_paper":"https://pith.science/paper/K7IUD2DC","resolve_alias":"https://pith.science/api/pith-number/resolve?arxiv=1210.1625&json=true","fetch_graph":"https://pith.science/api/pith-number/K7IUD2DCJK6JDVRMKLQLHRAVGE/graph.json","fetch_events":"https://pith.science/api/pith-number/K7IUD2DCJK6JDVRMKLQLHRAVGE/events.json","actions":{"anchor_timestamp":"https://pith.science/pith/K7IUD2DCJK6JDVRMKLQLHRAVGE/action/timestamp_anchor","attest_storage":"https://pith.science/pith/K7IUD2DCJK6JDVRMKLQLHRAVGE/action/storage_attestation","attest_author":"https://pith.science/pith/K7IUD2DCJK6JDVRMKLQLHRAVGE/action/author_attestation","sign_citation":"https://pith.science/pith/K7IUD2DCJK6JDVRMKLQLHRAVGE/action/citation_signature","submit_replication":"https://pith.science/pith/K7IUD2DCJK6JDVRMKLQLHRAVGE/action/replication_record"}},"created_at":"2026-05-18T02:33:01.618147+00:00","updated_at":"2026-05-18T02:33:01.618147+00:00"}