How does your accumulate and distribute algo's work? Is it a VWAP, TWAP order? Basically slice-and-dice a hidden iceberg when there's volume on one side of the book that you're trying to trade for?
Also curious how you guys market make on BTC, are the prices you are showing as the other exchanges the asking price, and you guys are essentially tightening the spread? Or are you guys selling parts of bulk orders of the large sell orders directly? How do you hedge your inventory risk?
Also curious how you guys market make on BTC, are the prices you are showing as the other exchanges the asking price, and you guys are essentially tightening the spread? Or are you guys selling parts of bulk orders of the large sell orders directly? How do you hedge your inventory risk?