For major banks Considering job offers as a trader at your bank - page 8

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pavlick_:
To maintain liquidity, you have to trade with limiters.
you mean there's no liquidity without limiters??? What a load of crap...
 
avtomat:
you mean, no limiters and no liquidity??? What nonsense...
Imagine there are no bids in the glass, who would you buy from? Or if you want to buy sausage, you go to the market and there are no shops there.
 
pavlick_:
Imagine there are no bids in the glass, who would you buy from? Or if you want to buy sausage, you go to the market and there are no shops.

Yes, yes... and the wind blows because the trees are wobbly

;)))

 
In a few pages, I'll probably be burned at the stake )). Market makers compete with each other, this makes the spread narrower, market orders pay for the whole scheme. The market maker has to find the equilibrium price. The speculator is superfluous in this scheme (the stock market does not count).
 
pavlick_:
In a few pages, I'll probably be burned at the stake )). Market makers compete with each other, this makes the spread narrower, market orders pay for the whole scheme. The market maker has to find the equilibrium price. The speculator is superfluous in this scheme (the stock market does not count).
What do you mean redundant? Who will he use to find the equilibrium price? Not at the expense of, as you put it, speculators who make transactions on the market?

In general, it is a strange division. So the market maker does not profit from the difference between buying and selling?

avtomat:
you mean there's no liquidity without limiters??? What nonsense...
Describe your understanding of liquidity? What/who does it come from if not limit orders in the market?

avtomat, 2015.03.04 19:43

yes, yes... and the wind blows because the trees are wobbly

;)))

that's superfluous ))
 
mmmoguschiy:

Describe your understanding of liquidity? By what/who is it formed if not by limit orders in the cup?

Writing does not exist because there is paper to write on, understand?

well, that's definitely unnecessary ))

That's just what you think, nothing more...

 
mmmoguschiy:
What do you mean by redundant? Who do you think is going to be responsible for finding that equilibrium price? Not at the expense of, as you put it, speculators making transactions on the market?

In general, it is a strange division. So a market maker doesn't profit from the difference between buying and selling?
...
A market maker must make a profit, that is what drives him. He will make it at the expense of importers/exporters. And the number of speculators does not affect the spread, it affects the number of market makers.
 
avtomat:

Writing does not exist because there is paper to write on, do you understand?

That's just what you think, nothing more...

I've already understood your picture of the world. There is no point in adding another allegory to it. It makes sense to answer in your own words to a clearly formulated question.
 
pavlick_:
The market maker has to make a profit, that is what drives him. He will make it at the expense of the importers/exporters. And the number of speculators does not affect the spread, it affects the number of market makers.
Exporters/importers are one of the links in foreign exchange. We discard them. Who else does the market maker use to determine the equilibrium price?

What do you think affects the spread? The market maker threw in its limit values in order to "feel" the price. Narrows the spread. And...?
 
mmmoguschiy:
Exporters importers are one of the links in foreign exchange. Let's drop them. Who else does market maker use to determine the equilibrium price?

What do you think affects the spread? The market maker threw in its limit values in order to "feel" the price. Narrows the spread. And...?
What kind of chain do you need? We have two opposite orders placed, the price is 70 and 80. Market orders come into the market, if our price is the best, the benefit is obvious. It is obvious that it is profitable to have the best price. So the market makers narrow the spread as a result of competition with each other.
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