Terms and Conditions
Market Maker Scoring System
1. Acceptance of Terms
By participating in the scoring system, the Market Maker (hereinafter "MM") agrees to these Terms and Conditions. If you do not agree, you will not be eligible to be an El Dorado MM.
2. Scoring Scale
MM scores are calculated on a scale of 0 to 1, where:
3. Key Metrics for Score Calculation
MM performance is evaluated based on three metrics:
| Metric | Weight | Positive Criteria | Negative Criteria |
|---|---|---|---|
| Completion Time: Time taken to complete orders. | 20% | 3 minutes | 20 minutes |
| User Rating: Positive ratings received from order takers. | 25% | 5 | 2.5 |
| Percentage of completed orders: Proportion of orders successfully completed as a MM. | 30% | 95% | 70% |
| Number of completed orders: Total orders completed by the MM. | 25% | 1000 | 100 |
To obtain the score we will take the negative criterion shown in the table above and subtract the value obtained from your metric. Then, we will divide this result between the negative criterion and the positive criterion. Finally, we will multiply the value obtained by the weight assigned to the metric.
(negative criterion - the value or percentage of your metric) / (negative criterion - positive criterion) * the weight of the metric.
4. Market Maker Levels
MMs will be classified into the following levels according to their score:
Only Gold and Silver Level MMs will be able to participate in the Cambio product.
5. Score Update
The score will be updated every 30 days, month after month. This means that during the first days of the month, the MM will be able to see their performance from the previous month. The rating will not vary during the current month. MMs will enter the scoring system once they have completed a minimum of 100 orders as traders.
6. Market Maker Responsibilities
The MM accepts that the accuracy of their score depends on the veracity of the information provided and their actual performance. The platform is not responsible for inaccuracies or misunderstandings related to the score. Nor will it be responsible for cancellations or decisions of the users taking the orders.
7. Modifications to the Scoring System
We reserve the right to modify the scoring system, as well as the criteria and metrics used to calculate it. Any changes will be communicated appropriately to the MMs.
8. Information about the rating
If the MM wishes to obtain information about his/her rating, he/she may contact us through the channels provided for attention and support. If he/she does not agree with the rating obtained, the MM must provide all the necessary information about all orders placed in the month in which the rating is shown to be different. In no way will it be El Dorado's responsibility to provide additional reports or information.
Last Modification: March 7th 2025