Hi All
Who are the prominent market makers in Indian market? How do we find who are the market makers for a particular stock?I heard US brokerage accounts give option to chose between market makers quotes and ecn(like nyse arca) quotes. Is there a way in Zerodha to find which quote comes from whom?
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You may find the list of market makers for nse from the below link
https://www.nseindia.com/emerge/participants/content/sme_mm_list.htm
There are rules for market making as they are paid by the exchanges for the level of liquidity. The rules include mandatory quotes, bid/ask spread etc. You will find how market makers work in a illiquid Deep ITM options. When u place an order in such illiquid options, you will find automatically system adding/deleting another 10k/15k order whenever you place/cancel your order. That is market makers algo.
The way i use to find a quote is form market maker or not is to see no of bid/ask. IF they are same or closer, probably its market maker’s quote. Market makers also may have insider knowledge of the scrip.
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