2min chapter

80,000 Hours Podcast cover image

#5 - Alex Gordon-Brown on how to donate millions in your 20s working in quantitative trading

80,000 Hours Podcast

CHAPTER

What's the Service That You're Actually Providing?

A lot of what my friend does goes under a set of actions which go under the headline of market-making. Market-making, roughly speaking, is saying that you're willing to buy a particular security and sell it at a slightly higher price. The reason this is useful in stock markets is because when people own shares in a company and they want to come and sell them, there will not also be a buyer coming through to buy those shares.

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