Overview: Citadel and Orderbooks
Partnering with leading market-makers improves spreads, depth, and reliability across cycles.
Mechanics: Spreads, Depth, Inventory
Inventory management, quoting strategies, and pair coverage determine user execution outcomes.
Programs: Incentives and Transparency
Clear incentives and reporting align partner behavior with user interests.
Resilience: Volatility and Uptime
Robust systems and SLAs maintain uptime and consistent fills during volatility.
Implications for Execution Quality
Users benefit via tighter spreads, improved fills, and predictable settlement.
Conclusion
Citadel’s role supports market microstructure that enhances user outcomes on Kraken.