Betfair £3.6m
Smarkets £7.4m
Even taking into account how Smarkets calculate liquidity I think they have more matched
Betdaq 318k
![Razz :P](./images/smilies/icon_razz.gif)
Not the guy but they void bets after they're settled.
I think I am always going to stay away from an exchange which runs a syndicate, its impossible for you to be independent when its all under the same company. We all know Betfair cross match and also seed some markets early on but I don’t personally think there is any issues with this.vide0star wrote: ↑Fri Jun 01, 2018 8:56 pmHey guys, few comments:
1) We don't allow self-matching
2) Our volume is indeed backer stake plus layer liability.
3) We calculate "BF" style volume and we might publish it, so y'all can compare, but we haven't decided yet. Comparing the SM vol to BF vol methods, like for like, the SM is much higher.
4) We never artificially inflate the trading volume. A lot of it comes from matched bettors based in the UK fwiw.
5) We do operate a sports betting syndicate, like a lot of companies. BD, Matchbook, etc, operate syndicates. We disclose it in our annual report and to our customers. Happy to answer any questions. We never front run and we treat the customer (very) fairly.
6) Please don't try to s*** an exchange. It might be bad for your health!
7) For a sense of scale, we trade about £400m per month (Smarkets method) and have about 80k customers per year (mostly UK)
We treat customers fairly by never changing or cancelling orders after a customer order comes in. If we have a price in the market, we of course, honour that price and execution. We also now have 4 or 5 other institutions trading and we're adding about one major market maker a month.The Group, through its 100% owned subsidiary, Hanson Applied Sciences
Limited, also provides liquidity on the exchange by entering into algorithmic
trades on the market to enhance the user experience and for profit making
purposes. The positions so arising are closely risk managed. As we grow, our
aim is to offer better prices and further enhance the liquidity of existing and
new markets.
That statement is a direct contradiction of what was reported in the first post of the below betfair forum thread from about 2 years ago.vide0star wrote: ↑Sat Jun 02, 2018 5:11 pmWe treat customers fairly by never changing or cancelling orders after a customer order comes in. If we have a price in the market, we of course, honour that price and execution. We also now have 4 or 5 other institutions trading and we're adding about one major market maker a month.The Group, through its 100% owned subsidiary, Hanson Applied Sciences
Limited, also provides liquidity on the exchange by entering into algorithmic
trades on the market to enhance the user experience and for profit making
purposes. The positions so arising are closely risk managed. As we grow, our
aim is to offer better prices and further enhance the liquidity of existing and
new markets.
That must be the most ridiculous, obnoxious piece of business-speak bullshit I've ever heard.
I don't see that as a selling point for an exchange. It should be a given. If it's not a given, then you're just a bad bookmaker.vide0star wrote: ↑Sat Jun 02, 2018 5:11 pmWe treat customers fairly by never changing or cancelling orders after a customer order comes in. If we have a price in the market, we of course, honour that price and execution. We also now have 4 or 5 other institutions trading and we're adding about one major market maker a month.