Forgd strongly recommends working with multiple market makers, but within the same engagement model. For example, you should not engage one retainer + working capital market maker and one loan + call option market maker — pick one engagement type and use it consistently across providers. The benefits of diversification include:

• Counterparty risk mitigation: If one market maker experiences downtime, a secondary can backfill liquidity and prevent prolonged periods of wide spreads and shallow depth.
• Higher trade volumes: The presence of multiple market makers can create interaction between sophisticated institutional traders, increasing maker fill volume.
• Greater depth: Most market makers are contractually obligated to maintain minimum depth. Multiple providers compound this minimum.

That said, engaging a market maker can be capital-intensive depending on the model. Weigh diversification benefits against cost.