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Why do you call it gambling? The market maker doesn't want to take a position on the stock, that's why he tries to get out quickly if it starts moving. He just
by logicchains 6y ago
Why do you call it gambling? The market maker doesn't want to take a position on the stock, that's why he tries to get out quickly if it starts moving. He just wants to provide liquidity (be willing to buy and sell to anyone at any time, so that buyers don't need to wait for a matching seller to come along), and collect a small fee for that in the form of a spread.
- gowld 6y agoBut who are the customers? Why do investors need orders filled instantly? It seems the only customers of this service are day-trading troublemakers.