Welcome to the latest edition of Talking Data. Our Talking Data series seeks to offer timely insights into macro market themes along with macro data and its impact on the economy and markets.

I am your host Kristen Radosh of Arbor Research and Trading. Our presenters today are Jim Bianco and Greg Blaha of Bianco Research.

Today Jim and Greg will take a look at Automated Market Makers.
· What Is an AMM?
· Determining Prices
· AMM Risks
· How Big Are AMMs?

Thank you for joining us today. As a reminder, Arbor Research & Trading is an institutional research and brokerage firm. Our two most prominent research offerings are Bianco Research & Arbor Data Science.

For further information on Arbor Research, Bianco Research and Arbor Data Science, please contact Gus Handler at gus.handler@arborresearch.com or call 800-606-1872.

#56: A Look at Automated Market Makers