Peak6 Investments

A Very Tasty Trade

"What's really happening here is that instead of people becoming engaged in finance when they're 40, 50, 60 or whatever, they're finally starting to learn that - hey - this is really cool. And so, we have an entire generation now which is not only going to support capitalism, it's going to accelerate the growth in free markets and [provide] massive amounts of liquidity so that everybody out there is going to benefit. This is the best thing to happen to the global economy in three or four decades. Getting millennials engaged in finance is transformational."Tom Sosnoff, co-founder, Tastytrade; on CNBC Squawk Box, January 29, 2021 in response to a question about the "democratization of finance" and the status of capitalism With all the craziness this week around GameStop, Robinhood and the whole STONKS meme, an event from last week is at risk of being swept under the rug. So, I wanted to add this one to the Feed as a marker before we lose the thread entirely. Here's the [...]

By |2021-07-27T17:41:45-04:00January 29th, 2021|For Subscribers|

Cutler Group’s Book: Hiding in Plain Sight

“For last year’s words belong to last year’s language, and next year’s words await another voice.”T. S. Eliot As we were riffing along with our recent Feed post on HAP Trading, I would've sworn than I had already shared a few words on another unique player from the option market making corner of the world, San Francisco-based Cutler Group, LP. Turns out, I had not... With the upcoming publication of a deep-dive case study on Hudson River Trading imminent, Alphacution is going to spend much of the first part of 2021 in option land, cranking out its first multi-player comparative case study on option market makers. So, I don't want to burn too much dry powder here. However, I do want have a standalone post on Cutler in the archives as reference for those who don't yet have access to the case study content... Anyway, in the charts that follow, Alphacution presents a few of its most basic analytics from its modeling of 13F data related to Cutler, with comparison [...]

By |2021-01-04T15:34:43-05:00December 30th, 2020|For Subscribers|

Walleye Trading’s Book: Hiding in Plain Sight

“There is an old saying: If you want to hide the treasure, put it in plain sight. Then no one will see it.”Larry Dossey By now, avid readers of Alphacution know the joke: We have taken that which had previously been hiding in plain sight about the most secretive and mysterious players in the world of trading, and shed some light on them. Hence, today's title image metaphor is a well lit and colorful chameleon set against a black background. While much more in this zone of the ecosystem is no longer hiding from us, there are many fascinating discoveries yet to be made... Related to this idea, there's a super-cycle of research and development going on in the background at Alphacution, much of it currently about option markets. At the risk of redundancy, the options markets - in particular, those with skills for trading in option and other derivatives markets - hold a special key to the evolution of listed markets, and those who are most likely to remain [...]

By |2020-12-10T23:41:08-05:00December 10th, 2020|For Subscribers|