Jane Street Makes Another Debut
Jane Street wedges its way into retail options. It's early. The numbers are small. But, they are a powerhouse with competitive advantages. Alphacution makes its case for what could happen here...
Jane Street wedges its way into retail options. It's early. The numbers are small. But, they are a powerhouse with competitive advantages. Alphacution makes its case for what could happen here...
Returning to a provocative thread from late 2022, Alphacution updates some of Morgan Stanley's latest moves in wholesale market making...
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...
For wholesale market makers in US equities there appears to be a relationship between Rule 605 data and net trading income from retail order flow. For Virtu Financial, a public company and the closest example to a "pure play" in US equity wholesaling, this relationship could have been estimated before the Q3 2023 earnings release date. In this Feed post, Alphacution shares its analysis for this finding - and why it's not the most important component of this discovery...
Alphacution details anomalous behavior between Robinhood, Morgan Stanley & Co, and other wholesale market makers in recent retail option order flow...
Alphacution updates its comprehensive review of retail option activity - including breakdowns by wholesale market maker and retail broker - through June 2023...
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 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...
Alphacution adds Virtu Financial to its initial analysis on Citadel Securities about execution time for orders where price improvement is provided.
Alphacution drops a few bars and a few charts framing IMC Financial Market's significant achievement in option wholesaling...