Market Maker Retail Exposure Institutional Exposure Notes
GTSM Low–Moderate High Quant/institutional-focused
OTCN Very High Moderate Routing hub for retail brokers
CSTI High Low–Moderate Retail-oriented OTC specialist
An institutional-focused market maker typically:
Executes orders on behalf of hedge funds, PIPE investors, family offices, banks, and brokers.
Handles larger blocks of stock.
Uses algorithmic trading and high-frequency infrastructure.
May engage in risk facilitation (e.g., taking on inventory to support client flow).