Read on Twitter
Since tweeting this thread on FI market making I've looked into the details and LP001 is definitely a subsidiary of FI's parent company Betindex. (1/?) https://twitter.com/FiSamf/status/1282941628089610241
They are providing bid prices on lower end players and, more visibly, buying large numbers of young expensive players. In the last few days they've bought £500k of players - nearly all young + nearly all £2.50 to £8. (2/?)
I think they are doing this both to release liquidity into the market - which seems to be working as spreads are closing and market buys increasing slowly - but also to reduce long term liability for Betindex. (3/?)
Rashford tonight a good example. They've bought back 10k Rashford shares. That's saved them £2.1k in payouts just today. Think of the saving over his career. And across the whole portfolio they've bought.
The fact they are so keen to reduce liability on these players should give you a clue as to where the long-term value is in the market. If you're looking to trade long-term. (4/4)
