For Subscribers

Virtu’s Q3 Net Trading Income Was Predictable Before Earnings Release

Alphacution presents an excerpt from its analysis of the relationship between Rule 605 data and net trading income from retail order flow - along with a selection of updated charts for Virtu Financial for Q3 2023... The full Feed post is available to Silver and Premium subscribers...

By |2023-11-12T23:18:13-05:00November 10th, 2023|For Subscribers|

Alphacution Publishes “The Transformation of Belvedere” Case Study

In this 72-page, 75-exhibit, 17,400-word case study, “The Transformation of Belvedere,” Alphacution publishes its findings on equity index option specialist, Chicago-based Belvedere Trading. Founded in 2002 with a current team of ~300 employees, Belvedere’s story represents a unique addition to the Alphacution research library due to the significant strategy transformation it has undergone over the past few years while maintaining its strengths in SPX options. This case study also provides key comparisons and new context on the US-based strategies of legendary Amsterdam-based option houses, Optiver and IMC Financial Markets, along with new insights on the boom in zero days to expiry (0DTE) options and their impacts on a broader constellation of US option market makers…

By |2023-10-09T22:18:42-04:00September 30th, 2023|For Subscribers|