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2019 SPF and his friend Gary Wayne did just that they founded a new exchange they would name FTX short for futures exchange however unknown to investors at the time Alam research played a docHub role in the growth of FTX as it acted as FTX is main Market maker or liquidity provider as a market maker Alam research was able to make trades on FTX sometimes purposely taking the losing sides of these trades to attract customers to The Exchange effectively SPF and Wang were able to manipulate the market and misrepresent FTX using funds from Alam research