Open documents, such as the executive summaries for many of Alphacution’s most comprehensive research reports, are accessible to all registered users. Open documents are the only document category that can currently be downloaded directly from the Alphacution website.
IMC – International Marketmakers Combination – Executive Summary
In this 98-page, 115-exhibit, 22,400-word case study, "IMC: International Marketmakers Combination," Alphacution publishes its findings on global option market maker and equity index option specialist, Amsterdam-based IMC BV and its affiliates, including - most notably - its US-based affiliate, IMC-Chicago, LLC (often known as IMC Financial Markets). Founded in 1989 by two floor traders on Amsterdam's European Options Exchange, today IMC is one of only three Tier I proprietary trading firms with legacy in the 1980's - along with legendary option trading houses, Philadelphia-based Susquehanna International Group, LLP and Amsterdam-based Optiver BV - and one of only eight "prop firms" globally with more than 1,000 employees. Beyond showcasing certain achievements, revenue, risk framework, and trading preferences of IMC, this case study - Alphacution's 17th such report showcasing the world's leading technology-enhanced trading firms - also provides context for the boom in zero days to expiry (0DTE) options and its impacts on a constellation of US option market makers... This and related case studies are available to premium and enterprise subscribers or via individual document purchase...