The Market Maker: Part 2 – more insights into how market makers set the price

This video can be seen here: https://www.piworld.co.uk/2019/12/06/the-market-maker-part-2-more-insights-into-how-market-makers-set-the-price/

 

Spencer Crooks, ex Director of Market Making at Winterfloods talks to Tamzin Freeman. We learn a little more about dark pools, tree shakes and much more. And yes, market makers can and do get it wrong!

Do you invest your own money? And how do you get the best price? – 00:28
What do you do on a profit warning? - 01:40
What are the tricks to the trade? - 05:40
Has regulation changed market making? - 07:05
Liquidity - 08:28
How do you see the future of the market? - 11:28
Dark pools - 16:13
Tree shakes - 18:54
Spoofing and layering - 22:36
Algorithmic trading - 26:04
RSP (Retail Sales Price) - 29:09
Direct market access - 35:23
How often does the market maker get it wrong? - 36:43   

About Spencer Crooks: Joined Bisgood Bishop in 1985. After takeover of Bisgood Bishop, traded at County NatWest until 1988, before leaving to join Winterflood Securities. Became a director in August 1999. Appointed FSI 2006.