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2) NOT INVESTMENT ADVICE. NOT TRADING ADVICE. (Sorry for the deleted thread -- had a key typo at the start...)
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3) People constantly want higher ratelimits. But not all orders are the same. The core metric here: $ volume per order sent. In other words, how efficient are your orders?
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4) What do FTX's users look like? Well, here is $ traded / orders sent for the top 20 order senders on FTX.
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5) So, one note is that some takers have fewer orders per trade, which makes sense. But even when selecting for liquidity providers, there's a huge range. Some customers are 75x more efficient than others!
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6) What's happening? Well, this, basically:
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5) Anyway... So what about the other mistake? Well, let's say you want to provide liquidity. A common strategy is: Send a bid 0.20% below the best bid, and an offer 0.20% above the best offer.
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8) So anyway, we are working on increasing throughput and decreasing latency, which is long overdue. Also, check yo orders.
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