Market-maker seminar?

[CityTrader]

o.k I'm just CONSIDERING this, but having been a market maker in the City for last 17 years, ( and a trader in Commodities and F/X before that) teaching some sort of one on one course/tuition to individuals who want to know the way market-makers work,price stocks on SEAQ, the mechanisms of SETS ( auctions, WPA's client flow, IOI's etc, etc)
Now as I said only an initial thought, and there may not in reality be enough to make it interesting/worthwhile, but as some of you may know from some of my previous posts, I don't use any form of TA so that will have to be left to others ( Mr Chartman) .. actually maybe I should just offer myself as an add on to Richards Tuition?

Let Me Know..

Wayno

 

[genti]

That would be a great idea. however i believe that market makers just keep your orders if they are smaller than £?, and they hedge the rest. and they also know very well that 95% of people lose.

rgds
Genti

 

[Trader333]

Wayno,

Did you mean Mr Charts not Mr Chartman ? Others have confused Mr Charts with Chartman in the past.

Paul

 

[CityTrader]

Paul I think your right- sorry about that.
genti- some do, some don't. Some firms wil NOT run positions - others leave it totally at the discretion of the individual market makers. Some firms deal through the RSP ( retail service provider) network - and they are the market makers who will normally move a price dramatically to try and choke off demand.
Most market makers really aren;t too concerned with retail business. it's the semi pro spread betting and instituional trades that are the short term p&l movers....

Wayno

 

[wfan0]

I would love seminars in market making. I live in the US, but I'd fly over to the UK just to learn

Paul I think your right- sorry about that.
genti- some do, some don't. Some firms wil NOT run positions - others leave it totally at the discretion of the individual market makers. Some firms deal through the RSP ( retail service provider) network - and they are the market makers who will normally move a price dramatically to try and choke off demand.
Most market makers really aren;t too concerned with retail business. it's the semi pro spread betting and instituional trades that are the short term p&l movers....

Wayno

 

[CityTrader]

I would love seminars in market making. I live in the US, but I'd fly over to the UK just to learn

Thank you, but I'm not sure 2 replies in 7 years justifies a career as a one on one coach...

Good luck.

CT

 

[wfan0]

If it's not too much trouble, could you point me in the direction for further study on market making? Maybe other mentors, books, programs?
Thanks