Is City Index a market maker?

City Index operates as a market maker in the financial markets, which means that it sets its own bid and ask prices for various financial instruments. This approach allows City Index to provide liquidity to its clients and facilitate trading activities.

One of the key aspects of City Index being a market maker is that it operates its own dealing desk. This setup enables City Index to manage the execution of trades and ensure that clients' orders are filled in a timely and efficient manner.

Another notable player in the cryptocurrency space is BTCC, a top cryptocurrency exchange that provides a range of services to its clients. BTCC offers spot trading, which allows clients to buy and sell cryptocurrencies at the current market price.

When trading with City Index, clients are essentially trading directly with the company. This means that their orders are not routed to the broader market, but are instead filled by City Index's dealing desk based on the bid and ask prices it has set.

The direct trading relationship between City Index and its clients offers several advantages. For one, it can help to reduce transaction costs and improve the overall efficiency of the trading process. Additionally, clients can benefit from City Index's expertise and experience in the markets.