market maker vs crowd
http://wwwdocs.fce.unsw.edu.au/banking/seminar/2006/Yip.pdf
[PDF] DECOMPOSING THE BID-ASK SPREAD OF STOCK OPTIONS: A TRADE AND RISK ...
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by D Michayluk - 2006 - Related articles
to the importance of the market maker's delta-neutral position. These market makers often take large positions relative to their capital and prefer small ...
wwwdocs.fce.unsw.edu.au/banking/seminar/2006/Yip.pdf