Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide Glossary term
Fiat
Currency that has no direct material backing, usually in reference to debt based markets such as USD.
Definition
Understand the fundamentals, context, and nuances behind this term.
Currency that has no direct material backing, usually in reference to debt based markets such as USD.















