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cottager2 | 4 years ago

Directly dealing with a counter party is called a market. A “market maker” is called so because they literally create a market by ensuring there is always is a counter party.

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kasey_junk|4 years ago

The vocabulary you are using is not the way it’s used typically.

Perhaps you have some point different to mine but I can’t discern it because to me you are speaking a different language.

The important thing to understand is that circuit breakers as used at nyse or cme or cboe or lse are only possible because you aren’t dealing directly with your counterparty. There is an intermediary.

So perhaps we agree?