Besides regulatory distinctions, “making a market” assumes that you have a fair value to some horizon. This way, even in absence of posted liquidity, a market marker can show a quote. It’s a critical distinction - you can be providing liquidity via limit order (or even as an aggressor if your turnover is much lower than bid/ask), but the “making” part is just not there.LOL, Yes it is. That makes you a liquidity provider and in-turn you're making a market.