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Outcome keeps illiquid markets tradable by using its own proprietary market making strategies. When a new market is created it starts with zero liquidity, since there are no limit orders yet. Outcome then seeds the orderbook with its own quotes so that users can Market Buy and Market Sell at any time. Users can place limit orders anywhere in the order book: above, inside, or below Outcome’s existing quotes. If a users limit order is resting at the front of the queue, incoming market orders will fill user limit orders first, following FIFO (first in, first out) priority. Adding a Buy YES limit order on one side will also create a Sell NO limit order on the complementary side. For example, a Buy YES limit at 75c = a Sell NO limit at 25c.

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Matching orders

Users can match against two types of orders in the orderbook:
  • Natural – Orders from users who already hold shares and are adding this existing liquidity back into the book.
  • Complementary – Orders from users who want to buy a specific token and therefore open new liquidity on the opposite side.