Robinhood Drops a Load on Morgan Stanley
Alphacution details anomalous behavior between Robinhood, Morgan Stanley & Co, and other wholesale market makers in recent retail option order flow...
Retail Equity Option Review – Q2 2023 (Updated)
Alphacution updates its comprehensive review of retail option activity - including breakdowns by wholesale market maker and retail broker - through June 2023...
US Stock Market Has Sprung A Strange Leak
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...
Under 100 Milliseconds: Jane Street Enters The Picture
Alphacution adds Jane Street market center "JNST" and 18 new charts to the ongoing comparison of execution speed/time that already includes Citadel Securities and Virtu Financial. With each step, this analysis yields new insights and increasing fascination...
Under 100 Milliseconds: A Virtu Financial – Citadel Securities Comparison
Alphacution adds Virtu Financial to its initial analysis on Citadel Securities about execution time for orders where price improvement is provided.
IMC Overtakes SIG
Alphacution drops a few bars and a few charts framing IMC Financial Market's significant achievement in option wholesaling...
Simplex Trading Disappears From Option Wholesaling
With the latest data in hand, Alphacution updates its analysis of troubled option wholesaler, Simplex Trading...
The Mother of All PFOF Charts – Q3 2022 Edition, Part II
Part II - Equity PFOF Volumes / Wholesaler Market Shares: Alphacution organizes and distills 33 months of payment for order flow (PFOF) data from 14 retail brokers and 13 wholesale market makers to place a wide-angle frame around the US Securities and Exchange Commission's upcoming proposals for a major equities market structure overhaul...
The Mother of All PFOF Charts – Q3 2022 Edition, Part I
Alphacution organizes and distills 33 months of payment for order flow (PFOF) data from 14 retail brokers and 13 wholesale market makers to place a wide-angle frame around the US Securities and Exchange Commission's upcoming proposals for a major equities market structure overhaul...
Simplex Trading Stumbles?
The Wall Street Journal reports that Simplex Trading may have - temporarily or permanently, we don't know - stopped accepting retail option orders. Alphacution provides some context around Simplex's option wholesaling business...
