Market makers

Liquidity providers earn maker rebates when their resting limit orders fill. This page is an overview of the market making surface on SatoriEx.

What is live vs. planned

Maker rebates (5 BPS per-fill default; 10 BPS for PAT/API-key holders) are live on staging.satoriex.io today. The maker leaderboard is available when enabled by platform admins; contact support to confirm availability in your region. Formal market-making agreements and the Liquidity Rewards Program are planned for a later quarter. The mechanics below describe the underlying platform behavior available to every limit-order trader today.

What a market maker does on SatoriEx

Market makers post bids and asks on both sides of a market and earn the spread when both sides fill, plus a maker rebate when their resting orders execute.

Provide depth — the order book is more usable for everyone.
Earn the spread between bid and ask.
Earn a 5 BPS rebate per fill on top of the spread.

Platform seed liquidity, for context

On market activation, SatoriEx places a configurable order ladder to bootstrap depth. Knowing the ladder shape helps you size your own quotes against it.

Parameter	What it controls
spread	Distance between best bid and best ask, in cents.
depth_levels	Number of price levels seeded on each side.
base_size	Share size at the level closest to mid.
size_multiplier	Multiplier applied to size as levels move further from mid.
notional_cap	Maximum total notional placed across all seed levels.

Seed liquidity is auto-cancelled when a market halts, settles, or is paused. It is not a fast-lane execution path — it sits in the book like any other order.

Market makers

What a market maker does on SatoriEx

Platform seed liquidity, for context

Continue reading

Getting started

Inventory management

Maker rebates

Liquidity rewards