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The Econaut's Guide to Economic Space
  • Don't Panic!
  • Accounting
  • Agency
  • Agent
  • Arbitrage on intelligence
  • Attractor
  • Asset - Liability
  • Authoring futures
  • Autonomy
  • Big put
  • Capitalization
  • Capitalism
  • Chartalist money
  • Circuit of value
  • Clearing
  • Coin - Token
  • Collaborative finance
  • Collateral
  • Commodity
  • Commodity token
  • Commons
  • Computational medium
  • Co-reference
  • Credit
  • Cryptoeconomics
  • Cryptoeconomy
  • Dangerous game
  • Dealer function
  • Debt
  • Decentralized finance
  • Decision-making
  • Decolonised finance
  • Deconstruction
  • Derivative
  • Derivative community
  • Digitalization of economy
  • Discourse
  • Distributed
  • Distributed accounting protocol (Distributed book-keeping protocol)
  • Distributed credit protocol
  • Distributed exchange protocol
  • Distributed ledger
  • Distributed stake protocol
  • Dividend
  • Econaut
  • Econautics
  • Economic agent
  • Economic event
  • Economic expression
  • Economic grammar
  • Economic heresy
  • Economic intellect, Economic intelligence
  • Economic media
  • Economic network
  • Economic space
  • Economic space agency
  • Economic Space Agency (ECSA)
  • Economic space agent
  • Economic Space Protocol
  • Economy
  • ECSA token
  • Efficient market hypothesis
  • Exchange
  • Exchange Unit
  • Expression
  • Finance
  • Financial time that remains
  • Fundamental value, Fundamentals
  • General intellect
  • Gift
  • Governance
  • Grammar
  • Index
  • Indexical time
  • Information
  • Inside money/outside money
  • Issuance
  • Kybernetes
  • Language
  • Ledger
  • Liquidity
  • Liquidity crisis
  • Liquidity premium
  • Liquidity token
  • Living in the spread
  • Market
  • Market making
  • Medium
  • Metapragmatic grammar
  • Metapragmatics
  • Minting a coin
  • Modern Monetary Theory (MMT)
  • Money
  • Monetary economy
  • Monocracy
  • Navigation
  • Netting
  • Network
  • Network asset
  • Network commodity
  • Network derivative
  • Network premium
  • Offer
  • Outcome
  • Output
  • Peer-to-peer
  • Performance
  • Performance index
  • Performance script
  • Performative
  • Price
  • Postcapitalism
  • Postcapitalist economic media
  • Postcapitalist economic space
  • Postcapitalist information structure
  • Programmable economy
  • Protocol
  • Reciprocal stakeholding
  • Right
  • Risking together
  • Role
  • Security
  • Shorting capitalism
  • Social derivative
  • Space
  • Spread
  • Stability
  • Stake
  • Stakeholding
  • Stake token
  • Subjectivity
  • Surplus
  • Swap
  • Token
  • Trade
  • Trading agent
  • Unit of account
  • Value
  • Value graph
  • Value theory of performance
  • Volatility
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Dealer function

A market needs to have two prices. A dealer makes the market by creating the inside spread, the spread that appears as “the market”. The dealer collects the inside spread. And crosses the outside spread. The dealer model of providing liquidity is very different from the lender model. In the dealer model, the dealer function provides Agents with the capacity to demand to transact or to transact in desired directions at desired times. The dealer is that whom/which accommodates the demand to transact without demanding it itself.

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Last updated 1 year ago