Скачать или смотреть Ryan Ling: Inside the Market Maker Playbook | Blushing Quants #1

Ryan Ling is a London-based systematic short-term interest rate (STIR) trader. Ryan studied Mathematics and Data Science, blending statistics and computer science, and has built his career across several parts of quantitative trading. He began in banking, structuring and exotics, then moved into crypto trading, including market-making and HFT, before transitioning into interest rate futures.



In this episode, Ryan explains what market making really involves, how traders monitor high-speed algorithms in real time, and why the job often feels more like art than science when you are reacting to flow and managing adverse selection. We also discuss where data analysis and machine learning actually add value in practice, which is often after the fact through post-mortems that help teams understand what happened and improve execution. The conversation also touches on why OTC trading still matters, how competition changed crypto spreads, and a forward-looking idea Ryan finds compelling: the emergence of tradable markets for AI compute and what it might take to make them liquid.