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by kasey_junk 1491 days ago
Most market making strategies are run by firms that have a portfolio of other strategies that will be directional. Those mm strats, besides making the spread when possible, also allow the firm to maintain fee structures which make other strats possible and order inventory that allows them to have priority in the market. Most of the time the overall firm is mostly neutral while individual strategies/desks are directional.

All of its trading though and none of this is new.

1 comments

Thanks! This makes a lot of sense~