You’ve heard of market-makers: that they take the other end of trades and collect the bid/ask spread as fee for their services. But what does that really mean in practice? How did a solely trading floor-oriented market-making ecosystem evolve into today’s setup?
Tune in to the latest episode of Tales of the Tape, where Spencer Doar and Andy Bevers of Cboe discuss what it takes to provide liquidity in U.S. options with Steve Crutchfield of market-maker CTC.

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