From Lex Sokolin:

“Check out the fantastic podcast conversation from last week here:¬†Understanding Robinhood, Derivatives, and Market Makers with Paul Rowady of Alphacution. In this conversation, we talk with Paul Rowady, who is the Director of Research for Alphacution Research Conservatory. Paul has a deep background in capital markets, derivatives, and the macro structure of the industry. He has been uncovering the transformation of that structure with data driven analyses, making visible the economics of market makers like Citadel and retail order flow aggregators like Robinhood. This is a rich discussion of what trading stocks is really like.”

Originally published November 6, 2020