In a continuation from Part I of this exercise, Alphacution shares the first steps in estimating price improvement rates for odd lot orders based on data related to wholesale market maker, Citadel Securities...
Given the approaching timing of the SEC's proposed overhaul of US equity market structure, Alphacution takes its analysis of 605 data to a new level with this one (using Citadel Securities as the initial example). Nearly four years of monthly price improvement rates per share and net price improvement values by order size and order type categories are among the highlights here...
Alphacution presents new perspectives on US retail investor behavior in equity options...
With the latest data in hand, Alphacution follows up on Virtu's claim of "another record year in options market making in 2022."
Virtu's "record year in options market making" claim is not possible in terms by which real option market makers operate...
Alphacution drops a few bars and a few charts framing IMC Financial Market's significant achievement in option wholesaling...
With the latest data in hand, Alphacution updates its analysis of troubled option wholesaler, Simplex Trading...
Alphacution takes a fascinating trip down the rabbit hole with some new data time-weighted BBO spreads for ETPs traded on the London Stock Exchange. Where we're headed: Detailing the product selection and trading preferences of a certain subset of systematic internalisers...
As part of its current spotlight on the exchange-traded products (ETP) component of the global markets ecosystem, Alphacution digs into the versatility and liquidity of the SPDR S&P500 ETF Trust (SPY)...
Once or twice a year, Alphacution likes to provide an update on the global exchange traded products (ETP) market given its relevance to the market ecosystem - and many of the players we tend to track so uniquely. Here it is - along with notable highlights...
