作为一家量化交易公司的高级策略师，你需要为一只新上市的、流动性较低的ETN设计做市策略。请详细阐述你的报价、库存管理和风险控制方案。

Alpha Markets Group faces a challenging but potentially lucrative opportunity in market making GEMPT. The strategy must be cautious, adaptive, and highly focused on risk management due to the unique characteristics of this ETN.

1. Initial Strategy Design & Spread Setting

A. Initial Bid/Ask Prices, Depths, and Spread Width:

Given GEMPT's nascent liquidity and illiquid underlying assets, our approach to setting initial bid and ask prices and depths would be highly cautious and data-dri...