2min chapter

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

80,000 Hours Podcast

CHAPTER

The Most Valuable Place to Be Providing Liquidity Making Services

The most valuable place to be making markets is where they're not already people making markets. So you don't want to be the place where there's tons of competition or extreme liquidity and very tight spreads because you won't make any money there. That's what this condition describes. Right, so you want to be going to a market where there's no one already providing thisliquidity service in Mongolia. And I think it's also when you think about that situation, the service being provided, its value is more obvious.

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