Interesting Interview with a Wall Street Market MakerSubmitted by littlespy on Sat, 04/13/2013 - 21:14
There are a lot of participants in the market trading for different reasons. Each have their own functions that benefit the market as a whole. A market maker provides liquidity and makes a profit for an institution like a brokerage by scalping a nickle or dime from the stocks the make they market on.
Very interesting interview, by someone I deeply respect, Jon from DTRS. Almost a year old, but the interview is priceless.