Market Maker Accounts at CryptoXChange, Mt.Gox, TradeHill, or other BX?

[EnergyVampire]

Hello,

I wanted to ask this directly to the exchanges but I couldn't post on their respective threads...

Q1: Do you offer Market Maker accounts at the exchange?

Q2: Do you offer the ability to keep multiple fiat currencies in one account? (USD, EUR, GBP, JPY, CHF, AUD, NZD, BRL)

Q3: Do you pay interest on fiat cash balances?

Q4: I would like to do the fiat crosses using my current broker(s), this would mean that there might be multiple deposit/withdrawals per day. Would you allow this, and if so, what would be the holding period before the deposit is available for trade?

Q5: Are sub-accounts allowed?

Q6: What extra benefits/rewards would you provide Market Makers for providing liquidity?

Thank you in advance for your reply, Cheers!

EnergyVampire

[directedbit]

Did you get any responses to this?

[davout]

Speaking for bitcoin-central.net

Q1: Do you offer Market Maker accounts at the exchange?

Everything is negotiable.

Q2: Do you offer the ability to keep multiple fiat currencies in one account? (USD, EUR, GBP, JPY, CHF, AUD, NZD, BRL)

Yes.

Q3: Do you pay interest on fiat cash balances?

No.

Q4: I would like to do the fiat crosses using my current broker(s), this would mean that there might be multiple deposit/withdrawals per day. Would you allow this, and if so, what would be the holding period before the deposit is available for trade?

Usually, wires are credited the day after they're sent

Q5: Are sub-accounts allowed?

They're not implemented.

Q6: What extra benefits/rewards would you provide Market Makers for providing liquidity?

Free internets and karma points.

[HBBZ]

Bitcoins are extremely different from national currencies. What does that define the functions of bitcoin market makers?

bitcoin market makers helps the buyers and sellers to consummate transactions; but the demand for bitcoin is more stable compared to stock market, because the majority of the people buy bitcoins for a specific purpose, which is different from stock market. Bitcoin exchange is after all a commodity market instead of a stock market.

Everyone knows that many traders are speculators who tries to capture price differences. They play a positive role in increasing the liqudity of bitcoins, As more and more people spend and accept bitcoin payments, the importance of them drops, and their trading volume will be drop, so does bitcoin market makers.

Bitcoin exchanges and market makers are not supervised as financial organizations, therefore it's a risk factor.

If i'm not precise, corrections are appreciate.



 

[EnergyVampire]

Did you get any responses to this?

Hello and sorry for the late reply guys,

I was able to gather some info contacting the exchanges individualy but by the most part the models are "Liquidity Rebates" & "Volume Discounts".

In my opinion:
The "Volume Discounts" would not work for MM but would benefit pools and payment processors.
The "Liquidity Rebates" model is interesting but its a major PITA during breakouts.


Not much information here (sorry).

[danicellero]

Interesting