Log in Join free community

Trading concept

Market making

Continuously quoting two-sided prices and managing the resulting inventory for the spread.

Profile not yet independently verified

Kernwell research

Involving Market making

Market Structure2 min
How market makers provide liquidity
A market maker quotes both sides and takes inventory risk to earn the spread. Adverse selection, hedging and fragmentation explain why liquidity is never a fixed quantity — and what a widening spread is actually saying.
Kernwell Research Desk · 2026-09-17