SIG

The Crypto Train: Citadel Securities Succumbs to FOMO

A first-of-its-kind outside investment from Silicon Valley venture heavyweights into Citadel Securities is a significant event, particularly for possible future competitors in crypto markets. But, the transaction itself didn't need to be exposed. So, why was it? Was this news or strategic communications? Alphacution weighs in...

By |2022-01-13T02:21:42-05:00January 12th, 2022|For Subscribers|

Alphacution Publishes “Simplex Trading, Unadjusted”

In this 67-page, 64-exhibit chart book, “Simplex Trading, Unadjusted,” Alphacution borrows the spotlight from the record-setting volumes in the US options market for 2021 and focuses it in on one of the key – yet, relatively little known – players in the space: option market maker, Simplex Trading, LLC. Taking some of its recent modeling upgrades for an initial spin, Alphacution performs its unique brand of visual display on public regulatory data to present what is likely to be an unprecedented review of such a secretive player operating in such a complex arena like Simplex.

By |2022-01-04T23:09:08-05:00December 31st, 2021|For Subscribers|

Bloomberg, Forbes: Alphacution Scores Press Twofer

"There is nothing to writing. All you do is sit down at a typewriter and bleed."Ernest Hemingway Tuesday, April 6, 2021 was a good day for Alphacution in the press... The morning started with a feature by Bloomberg Editor Tom Maloney, "Citadel Gets the Spotlight," wherein he tells the story of Ken Griffin and Citadel Securities' rise as major trading force in the post GFC landscape and - most notably since GameStop - as a recent focal point of politicians and regulators. (I'm sure Ken is not thrilled with the title image.) Here at Alphacution, this article will be remembered primarily for two things: First, for providing a few useful financial tidbits - and, second, for placing a few of our words in the largest font in our history to date - Should it have been "Amazonization" or "Amazonification"? Either way, you get the gist... One more thing on this: I may have told this tale before, but after throwing an unsolicited sharp elbow in Tom's direction in our December [...]

By |2021-04-07T19:25:14-04:00April 7th, 2021|Press|

Now You See Me: What The Bloomberg Opinion Guy Misses About Market Structure Mechanics

Leveraging numbers and narrative, Alphacution builds a higher-dimension analysis of market structure mechanics on top of Bloomberg Opinion's Matt Levine's recent manifesto on payment for order flow (PFOF). Disclaimer: No unsolicited elbows were thrown during the creation of this Feed post...

By |2021-03-04T19:37:16-05:00February 22nd, 2021|For Subscribers|