Jeremy Maletz

So essentially, the main function that we do is market making.

So we're the main liquidity provider, one of the main liquidity providers on quite a lot of platforms.

And that means we're providing liquidity in everything from sports to economics to politics.

But I'd say also a big part of what we do is we were the first institution that got involved in prediction markets in the first place.

So we're really trying to have a role of kind of being a shepherd for other institutions as they get involved.

So I'd say it's a two-pronged goal really of providing the liquidity for the ecosystem to help it to grow and then bringing others into the ecosystem, which I think has been one of possibly even the more important role of what we've done to this point in time.

Well, my wife asked me the same thing.

It's her birthday, by the way.

So happy birthday to her.

But...

I owe her big time.

So we're primarily a market-making firm, and our bread and butter has always been options.

So we make markets in pretty much every option, equity options.

But obviously, we trade a lot of instruments across a lot of things.

And we have a culture overall that's very much looking for new opportunities and thinking about things in probabilities.

And it all starts from Jeff Yoss, our founder.

He loves things like prediction markets.

So we have a lot of random businesses at Susquehanna all over the place.

You wouldn't believe the number of things that we do randomly.

And it all comes back to the same culture we have of thinking in Bayesian probabilities and trying to think of everything in terms of break it down into what the odds are.