Due Diligence Daisy Chains [FTX] S03:E12
Pirates of Finance
00:00
Is There a Good Metric for Liquidity?
Jay Parini: Liquidity is very phantom. It's impossible to know where all the liquidity is, we don't know where every player's position and then you start going offshore and euro dollar markets, it's like there's no way for anybody to know what the liquidity picture actually looks like. And so you have to be aware that there's a huge amount of liquidity that exists in the industry but nothing ever hits tape because they just crossed over.
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