How are you going to resolve the conflict of interest of running your own derivative exchange, AND actively trading against the market at the same time?
People complain that trades against the market, yet FTX and your shop is out there.
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Alameda is a liquidity provider on FTX but their account is just like everyone else's. Alameda's incentive is just for FTX to do as well as possible; by far the dominant factor is helping to make the trading experience as good as possible.
I guess we're just suppose to trust that you wont get preferential treatment on your own platform. Don't get me wrong, as a semi quant trader, I enjoyed your videos and FTX is a step in the right direction. BUT, i think there needs to be a bigger discussion about this issue.
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The cool thing is of runing an exchange is like playing poker knowing your oponent cards ie how much stops and where their located and just counter trade them their stops/liquidation is your take profit. their are forced out of their position your are forced to Take profit.
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To twist it around a bit, would Alameda Research trade on exchange that is owned by competing quant fund? BitMEX does this but only for options so not necessarily apples to apples
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