Quote from: mndrix on April 06, 2011, 10:29:29 PM

A market maker would be nice. In my limited experience, the volumes are still too low for it to be profitable though.

I've been a bond MM for 15 years, small hedge fund...
Right now the $0.03 spread is nice (0.73 - 0.76)...
But an MM might make 50% of that...
So with 12,000 volume last 24 hours...
The total potential net for an MM might be $200/day (a pittance).

But people are also making directional bets on this...
Like that UK guy selling fixed payout contracts must be making a bullish bet.

Also the market is being manipulated and gamed...
Which is par for the course at this stage...
And, after all, no one is forcing you to trade BT.

If total size goes 100x from $5 mm to $500 mm...
Small Market Makers will come out of the woodwork...
And that USD spread will be < $0.01...
Trading is >> 90% automated these days...
It would take only days or weeks to adapt forex software for BT.