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Once the snowball is rolling, any particular market maker becomes a lot less important. They come for retail, and retail comes because there's market makers. P
by lordnacho 4y ago
Once the snowball is rolling, any particular market maker becomes a lot less important. They come for retail, and retail comes because there's market makers.
Perhaps as a kick starter Alameda was important, but I doubt they were needed after the usual suspects came on.
- HDThoreaun 4y agoSure, if all the market makers are in to profit. If alameda was providing quotes that consistently lose money only to FTX then retail and other flow would generally tend to migrate there since the spreads are better than other exchanges.