How Do Batch Auctions Eliminate the Transaction Ordering Advantage?
Batch auctions eliminate the transaction ordering advantage by collecting all orders submitted within a specific time interval (the batch window) and executing them all simultaneously at a single, uniform clearing price. Since all orders within the batch are treated equally and execute at the same price, there is no "first" or "last" order, and therefore no opportunity for a front-runner to profit by reordering transactions or placing their own trade before or after a victim's.