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Due Diligence Daisy Chains [FTX] S03:E12

Pirates of Finance

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Is There Liquidity in the Level Two Order Book?

The best way to look it up is firms called Longtail Alpha but it's a veneer bond tally. They're doing Brad Queen principles so you're not going to see that in the level two order book. So I don't know like the market's liquid or illiquid. There's a lot of nuances here and so you just said that too to get a picture of that liquidity, there's no snapshot you can find that will tell you all this liquidity because everybody's trying to hide that liquidity.

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