Market makers content to live with that exposure are speculators, not securities dealers. Specifically, they are speculators with Other People’s Money. They would be better off running a hedge fund in which all concerned are aware of the risks they’ve accepted. TBH, if the market maker is so adroit that he can survive doing business this way, he’s probably smart enough to figure out that a hedge fund manager, getting 20% of the profits instead of scalping pennies from the bid/ask, is what he ought to be.
Austin Private Wealth LLC shorted 12,000,000 shares of $DJT on 7/12/24. Congress needs to ask them some questions. fintel.io/sosh/us/djt
Hmmmm....wonder who’s plugged into Austin Private Wealth?