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What is the spot crude oil market maker model?
1. Spot crude oil is a variety of spot. At present, the domestic spot market mostly adopts the trading mode of market maker, also known as decentralized counter trading.

2. Market maker refers to a securities business legal person with certain strength and credibility as a franchise dealer in the securities market, who constantly declares the buying and selling price of a certain securities to public investors (that is, two-way quotation), and accepts the buying and selling requirements of public investors at this price, and conducts securities trading with investors with its own funds and securities. Market makers maintain market liquidity and meet the investment needs of public investors through this continuous trading.

3. At present, domestic mainstream market makers adopt the trading mode of margin. The customer is equivalent to placing an order at the price quoted by the market maker in the form of down payment on the spot platform. After the order is completed, they can pick up the goods or resell them to others to earn the difference. This is the basic principle of spot trading.