GitHub Discussions

[auenbauer]

Thank you for this amazing contribution!

Large Market Models are likely to become increasingly important, and MarS is the first public project I have come across in this space. I wanted to encourage you to enable GitHub Discussions (or support/create another platform) to foster a focused community exchange about Large Market Models.

I am particularly interested in the government and corporate bond markets, where market structures are largely dealer-driven, in contrast to the order-driven markets that MarS seems to focus on. I might be mistaken, and MarS could still be applicable; however, my impression is that the execution of dealer-driven market segments cannot be accurately simulated using a simple rule, due to dealer discretion and the informational asymmetries created by the absence of a transparent central limit order book.

I have a large collection of trade-and-quote data (20MM+ records per year) for 10,000+ USD- and EUR-denominated bonds, and I would be willing to contribute synthetic data to a project that focuses on these aspects.

[lee-junjie]

Hi @auenbauer ,

Thank you for the suggestion! We have just opened the GitHub Discussions to foster a focused community exchange about Large Market Models.

It's great to see your interest in government and corporate bond markets. While we have not explored these markets before, we are eager to learn more in the future. Although these markets have quite different dynamics, we believe that with fine-grained data like quotes, trades, and order books (LOB), we could train a model to understand their unique characteristics.