Understand what it means to make a market, where dealers are ready to buy or sell securities at quoted bid and ask prices, ...

Understand the market-maker spread as the price gap between buying and selling offers by market makers, and how it compensates for market-making risks.

We recently updated our Intern’s Guide to the Market Structure Galaxy. Today, we graduate to how trading works. In our guide to market structure, we talked about who trades and how quotes across the ...

When Uniswap launched in 2018, it became the first decentralized platform to successfully utilize an automated market maker (AMM) system. An automated market maker (AMM) is the underlying protocol ...

Polymarket is recruiting an in-house team of traders and market makers, preparing for the growth of predictions. The addition of market makers may boost Polymarket after a record month of activity in ...

Market microstructure refers to the organization and design of markets for trading, how these markets are regulated, and how ...

(Bloomberg) -- Goldman Sachs Group Inc. is back in the lead market-making game for exchange-traded funds, after an eight-year hiatus, reviving its presence in a corner of finance now dominated by fast ...

We recently discussed how fragmentation undoubtedly adds to competition for venues. Of course, it also adds fixed and opportunity costs for traders. However, some of our recent studies suggest it may ...