The market making arms provides liquidity that drives the prices of the assets and earns the spread between their bid and ask. Competing against other teams to provide the tightest quotes, the teams must balance their inventory risk while keeping up with competitors. If their quotes lag the live-market, fast market takers will pick them off by arbitraging their prices against the quotes from the live-market.
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Market Making
Providing liquidity in assigned assets through high-frequency trades while capturing maximal spread.
Teams in the Market Making Arm are assigned a group of assets and compete against two other teams on each asset. They can quote algorithmically, manually through a screen interface, or a mixture of the two.