Altilly Market Maker Program
We are actively seeking good market makers to join our market maker program.
Get discounted taker fees if you qualify.
- Do you routinely place orders onto the books instead of taking orders from the books?
- Do you routinely keep a total of over $10k in equivalent order values on the market order books?
- Would you like a discount in taker trade fees? How about a bigger rebate on maker trades?
Our market maker program is very simple. The only thing that we currently require to qualify for the market maker program is a total value of over $2.5k minimum on both the buy side and sell side of our markets. It can be any market and the total is a sum of all the markets you have orders in.
We have a multi-tier system as described below. Requirements are subject to change from time to time.
|1||$5k in total open orders |
minimum $2k in open buy orders
|Reduction in Taker Fees from 0.12% to 0.10%|
|2||$10k in total open orders |
minimum $4k in open buy orders
|Reduction in Taker Fees to 0.06%|
|3||$20k in total open orders |
minimum $8k in open buy orders
|Reduction in Taker Fees to 0.01%|
A this level, your fees are essentially Net 0, as the Maker rebate is 0.01%
|4||$40k in total open orders |
minimum $16k in open buy orders
|Taker fee 0.01%. Maker rebate is increased. Your maker rebate will be 80% of the fee paid on the other side of the trade.|
Minimum rebate of 0.01% / Maximum rebate of 0.096%
How we calculate open buy orders:
In general, it's $1 for each $1 equivalent in orders on the books. However, to account for large out of bounds orders (ie, large quantities priced so they will never be taken), we will enforce a reduced value of those orders when calculating minimum requirements. If your order price is outside of the bounds of 50% - 200% of last trade price, then we will assess it's value at 50% of total dollar value. If your order is outside the bounds of 20% - 500% of the last order price, then we will assess it's value at 25%.
You may apply for market maker status at any time. However the system will not place you onto the market maker tiers unless you meet their requirements. The system is automated and will automatically place you into the correct tier based on your market maker activity. We check and store your order book sizes once every hour and look at your average size over the span of a week. We always throw out the bottom 20% of the readings when determining average to account for orderbook changes. We suggest you start building your orders now prior to being activated on the market maker system. The automated system manages new market makers and tier changes once per day at Midnight UTC.