Since tweeting this thread on FI market making I& #39;ve looked into the details and LP001 is definitely a subsidiary of FI& #39;s parent company Betindex. (1/?) https://twitter.com/FiSamf/status/1282941628089610241">https://twitter.com/FiSamf/st...

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& #39;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& #39;ve bought back 10k Rashford shares. That& #39;s saved them £2.1k in payouts just today. Think of the saving over his career. And across the whole portfolio they& #39;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& #39;re looking to trade long-term. (4/4)