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Quantitative Finance · Glosario

¿Qué es Cross-exchange market making?

Definition 24.1 Market Making and High-Frequency Trading · Capítulo 24 — Crypto High-Frequency Trading on Centralised Venues

Cross-exchange market making is quoting on one venue at prices derived from another venue’s book, and hedging each fill at once by taking liquidity on the other venue, so that the maker earns the difference between the spread it quotes and the cost of the hedge.

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