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Pittsburgh,
This has turned into a very fascinating and informative thread. I hope you don't mind some more questions.
You say that the MM needs time to offset their aggregrate positions in the IB. So, does this mean that no matter what the bet and size, there is always a bank somewhere willing to take the other side? This concept really fascinates me for some reason. Maybe because it hints at the fact that there are so many ways to view the markets, from so many time frames.
Nat
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