Agree that shouldnt have Binance warrants (not real options) in their analytics but seems worth it to add options which are two-sided and RFQ based (rather than CLOB), as well as which has unique contract structure (USD face value, BTC margin)
Conversation
in my understanding, whether y buy or sell options on FTX, FTX is the only market maker..meaning, y either buy from FTX or y sell to FTX in that they are offering y a quote y can either take or leave....thats not a "market" like deribit where everybody can be a MM...imo
1
2
so my understanding is that the RFQs are open to anyone, so you can fill someone else's RFQ, someone else can fill your RFQ, without being an intermediary, just that they manage the risk of counterparties. but can correct me if i'm wrong
1
1
That's correct -- anyone can quote, and FTX does _not_ trade them. E.g. here's the API endpoint to respond to another user's RFQ: docs.ftx.com/#create-quote
You can also do it on the GUI at ftx.com/options, see the 'All Requests' table and click to respond
This Tweet was deleted by the Tweet author. Learn more
read more...true, as a costumer y can be a maker too and "quote" prices yself...but y prices wld need to be a bit more favorable then the FTX option pricing algo quotes to get a taker to hit y quote as the "best" bid/offer...so, imo y wld need to make sure y IV is not too cheap
1
1
Show replies