Wintermute: Will Provide Liquidity for Prediction Markets
According to Odaily, Wintermute announced that it is expanding its institutional trading business into prediction markets. Wintermute will provide two-way market liquidity for event contracts on major venues to tighten spreads, support larger volumes, and improve the reliability of implied market probabilities.
Jake Ostrovskis, head of OTC trading at Wintermute, stated that prediction markets possess the data characteristics of major asset classes, but liquidity is still in the early stages. Sustained two-way liquidity not only helps tighten spreads, but also supports larger trading volumes, thereby improving the informational signals contained in market prices. (cointelegraph)
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