0DTE SWAG, Part II: Retail Share of Index Option Volume
Alphacution improves its estimate for retail traders' share of US equity index option volume...
Alphacution improves its estimate for retail traders' share of US equity index option volume...
Alphacution updates its comprehensive review of retail option activity - including breakdowns by wholesale market maker and retail broker - through June 2023...
Alphacution makes a case for the best - and worst - ETFs for active traders, even at the risk of increased market concentration...
Based on new data, Alphacution estimates the total zero days to expiration (0DTE) option volume attributable to index-related products...
Are retail investors becoming "burned out" on stocks? Alphacution makes its case...
The US equity securities "universe" demonstrated an unprecedented expansion from mid-2020 through mid-2022. Alphacution illustrates how this macro trend has turned - along with possible impacts - via the data of leading wholesale equity market makers...
Alphacution shares highlights - and lots of charts - from the most recent trove of PFOF data...
Alphacution found a few grains of new data and used them to estimate the retail share of US equity index volume...
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…
Alphacution assembles new evidence related to option market maker, Simplex Trading