Svmuu News Wintermute stated that it is expanding its institutional trading business to prediction markets. Wintermute will provide two-way market liquidity for event contracts on major venues to reduce spreads, support larger-scale trades, and improve the reliability of market-implied probabilities.
Jake Ostrovskis, Head of OTC Trading at Wintermute, stated that prediction markets exhibit data characteristics similar to major asset classes, but liquidity remains in its early stages. Continuous two-way liquidity will not only narrow spreads but also support larger trading volumes, thereby improving the signals contained in market prices. (cointelegraph)