What is a constant product market maker?

A constant product market maker, first implemented by Uniswap, satisfies the equation: Where R_α and R_β are reserves of each asset and γ is the transaction fee. Trading any amount of either asset must change the reserves in such a way that, when the fee is zero, the product R_α*R_β remains equal to the constant k.

What is the difference between a constant sum function and a market maker?

A constant sum function forms a straight line when plotting two assets, resulting in the equation x+y=k. A constant mean market maker is a generalization of a constant product market maker, allowing for more than two assets and weights outside of 50/50.

What is a market maker?

Market makers are agents that alleviate this problem by facilitating trade that would otherwise not occur in those markets. “ Automated market makers ” (AMMs) are algorithmic agents that perform those functions and, as a result, provide liquidity in electronic markets.

What are the key names of market makers in Canada?

According to JPX, the following are some of the key names among market makers: Toronto is considered to be Canada's financial capital, which is where the country's leading stock exchange is located. The Toronto Stock Exchange (TSX), which is the country's largest exchange, is owned by TMX Group.