Interestingly, this operational model may seem like a simple match trading at first glance, but it's not that straightforward. On the surface, it appears to be counterparty trading, but in reality, it is a complete market maker system— in a sense, this is the practice of traditional financial pioneers building their own "B-book." Counterparty matching, fund pool management, risk hedging— a mature set of logic operates behind the scenes. The so-called shadow liquidity refers to this very principle. What seems like a simple pairing is actually a sophisticated market design.