Thus each competing ECN was able to, on balance, pocket $1/1000 shares while encouraging orderflow on its own platform. /8
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One very interesting trading edge created by add-liquidity credits was the credit trading strategy. /9
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You'd pick a low-price share market and max out your add-liquidity orders, setting your bids at $1.00 & your offers at $1.01. /10
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You'd be waiting in line with other traders, but this was a low-risk way to make $0.01 per share PLUS rebates. /11
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Even if the market went against you, MM chops would allow you to reduce your own slippage as long as you used only add-liquidity orders. /12
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I'd routinely see talented credit traders end a day with $6000 of "losing" trades, but earning $18000 of rebate credits. /13
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The point... on
@CryptoBridge's dex, it will now be possible to try out this edge on thick orderbook (probably low-sat) markets!5 replies 7 retweets 27 likesShow this thread -
(Final note: when Enron crashed to 0, the sheer intraday volume at its penny prices was any credit traders' best day ever. Easy 6 figures)
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Replying to @notsofast @CryptoBridge
@Twitter I think@notsofast needs a Blue badge and 280 characters. Great feed, thanks for sharing.1 reply 0 retweets 1 like -
That's kind of you to say! However I don't think it's worth giving them my birthday and my dox.
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I read an article from an opsec specialist a while back saying there's a reason most well-known opsec guys don't have a verified account...
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