Market makers help create more efficient markets and liquid order books, by positioning themselves on the receiving end of a trade that other market participants are unwilling to fill. Quantitative analysis is crucial in determining their position and size. Wintermute defines itself as a tech-first company that also became one of the largest spot market making firms in Web3. From angel investing in Web2, to market making in Web3, Yoann Turpin (co-founder of Wintermute) has a vast experience in both tech products & financial markets. He shares what differentiates good traders and how he approaches investing, trading and market making.
Topics discussed in this episode:
0:00 - Introduction
3:58 - Yoann’s background and his interest in trading
7:54 - The ever-changing trading landscape
10:42 - Wintermute’s genesis
15:22 - Trading vs. Investing vs. Market Making
26:35 - What defines a good trader
33:21 - On-chain trading vs. CEX trading
35:25 - How Wintermute succeeded
44:16 - Wintermute culture
55:21 - rsync blockbuilder
59:51 - Longterm predictions
1:07:24 - AI impact
1:13:19 - Misc. Learning new languages
Links mentioned in this episode:
- Yoann Turpin on Twitter: bit.ly/3PHUAcA
- Wintermute on Twitter: bit.ly/49c67YI
Sponsors:
- Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay- the world's first Decentralized Payment Network. Get started today at gnosis.io/ -
- Chorus1: Chorus One is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at chorus.one/?ut... -
This episode is hosted by Brian Fabian Crain.
Show notes and listening options: epicenter.tv/541
#wintermute #trading #investing #crypto #blockchain