Competition for structural alpha is more fierce than anywhere else in the capital markets ecosystem because the potential risk-adjusted returns are so extraordinary. Therefore, we find new "green shoots" of success in this space noteworthy...
In this Feed post, Alphacution returns to an important question: Is there enough theoretical alpha still available for another highly successful nested alpha strategy architecture (NASA) player, like Citadel or SIG? The combo of Two Sigma Investments and Two Sigma Securities was - and still is - the focal point for this question...
This week, Alphacution goes overboard to create a detailed backdrop for what some are calling a frenzy for single-stock ETFs as well as what that could mean for the concept of a "synthetically singular global market."
Alphacution updates its ongoing review of Virtu Financial with the latest 2022 financial and operational data...
Though the financial press highlighted a proposal to consider auctions in US equities for retail order flow, the SEC actually proposed 6 areas of interest for market structure rule changes. Alphacution presents its case for what's truly at issue here...
Alphacution updates its ongoing analysis of emerging US equity market making powerhouse, XTX Markets, and provides a clue as to where it may be finding its edge...
There was one fascinating set of details that didn't quite fit into last week's Q2 2022 update review of Robinhood relating to crypto wholesale market makers. Alphacution shares those details here...
Was Robinhood a flash in the pan? Alphacution makes its case...
Alphacution provides recent evidence for how Jane Street Group has advanced its position among a short list of leading global proprietary trading firms...
Off the back of some recent modeling upgrades, Alphacution is finally able to share sample analysis of one of the largest customer accounts in the US equity option market: Parallax Volatility Advisors, LP...
