Spencer’s background – 00:22
What do Market Makers do? – 01:35
Risk management by Market Makers – 04:29
Market Makers: the institutions & retail – 06:22
Market Makers: the business model – 08:04
How do you set a price? – 11:37
How do you set the spread? – 14:32
How do you set the market size? – 16:11
The difference between quote driven or order driven stocks – 17:37
How helpful is Level 2 to the retail investor? – 19:18
The relationship with the broker – 21:40
What’s the relationship like between Market Makers? – 25:38
How large is the research function at Winterfloods? – 29:23
How many companies does an individual Market Maker cover? – 30:45
How is a stock priced on the morning of a profit warning? – 33:04
What makes a good market maker? – 35:34
About Spencer Crooks: Joined Bisgood Bishop in 1985. After takeover of Bisgood Bishop, traded at County NatWest until 1988, before leaving to join Winterflood Securities. Became a director in August 1999. Appointed FSI 2006.
PIWORLD provides investors with the latest news and insight about listed companies and their management through either live or recorded investor presentations, management interviews, Capital Market Days and corporate overviews, together with interviews with leading fund managers or esteemed private investors in the small cap world.
PIWORLD delivers high quality audio and video content to present anything from full-year & interim results to Capital Markets Days and corporate overviews. We bridge the gap between listed companies and the private investor community, who drive the share price and provide liquidity, providing a time and cost effective medium to reach this diverse and important audience.
