Mike Fulner

I was flippant about this on Circles Off, so I’ll go into detail here. It is impossible to have zero market width (vig) on an exchange, because as soon as the width goes to zero, the orders match and fill. If we quoted +100 on both sides of a line, we would wash trade against ourselves ad infinitum. What you CAN do on Novig is post or take a line at the market average no vig price — or better — without paying commission. It’s been less than 24 hours and we’ve seen tens of thousands trade p2p at or near the market no vig line. Not just major markets either — we’re talking 3k orders on reception props 4 days out. Is the name a reach? Yes. And I will <3 all your tweets making fun of it. But the product is pretty special, and I hope you guys enjoy it.