"Stock options trading has skyrocketed 31 percent this year to an annual record, lifting the fortunes of the firms in Chicago that specialize in them."Crain's Chicago Business reporter, Lynne Marek Alphacution contributes analysis to the Crain's Chicago Business story on how local firms have pocketed profits and expanded operations in a record boom after several tough years in "It's a great time to be an options trader" with mentions of Chicago-based firms, all of which Alphacution has touched upon (or more) here on the Feed, including Citadel Securities, Wolverine Trading, Old Mission Capital, Simplex Investments, Dash Financial Technologies, Chicago Trading Company (CTC) and Akuna Capital. Recent related analysis on option markets in Alphacution Feed posts include: Pennies and Locomotives: Hypothesis for Virtu's Next AcquisitionSummary: 2020 Order Routing Revenue Expected to Exceed $2 BillionOptions Powerhouse IMC Financial Markets: Stung by Pandemic Volatility?Simplex Trading: Against the Odds Runaway Concentration Risks in US Option Markets
“No matter the outcome of the struggle between China and the U.S. over video-sharing app TikTok, an unlikely winner will be a secretive trading firm based outside of Philadelphia.” – by Wall Street Journal reporters Rolfe Winkler, Jing Yang and Alexander Osipovich. Alphacution contributes analysis to Wall Street Journal story on legendary option-trading powerhouse, Susquehanna International Group’s ownership interest in ByteDance, the Beijing-based owner of video-sharing social media app, TikTok, “Secretive High-Speed Trading Firm Hits Jackpot With TikTok” (October 1, 2020). Additional related analysis on share of option markets in Alphacution’s Feed post, “Runaway Concentration Risks is US Option Markets.”
“The perfect stock trading app for the videogame generation was supposed to “democratize finance” with zero-commission trades. But the primary plan was to get rich by selling customer trades to the market’s most notorious operators.” – by Forbes Staff Writers Jeff Kauflin, Antoine Gara, and Sergei Klebnikov Alphacution contributes to Forbes development of story on Robinhood, “The Inside Story Of Robinhood’s Billionaire Founders, Option Kid Cowboys And The Wall Street Sharks That Feed On Them” (August 19, 2020).
“New investors are riding the stock market’s climb during the coronavirus pandemic.” – by Matt Krantz, Personal Finance and Management Editor, IBD Alphacution contributes to Investor’s Business Daily’s development of story on Robinhood, “Beginning Investors Are Charging Into Stocks; What Could Go Wrong?” (August 14, 2020).
“The rush of armchair traders investing through Robinhood, an easy-to-use app for trading stocks, may be helping inflate a stock bubble and setting up investors for a potential bust.” – by TheHill.com Reporter Niv Elis Alphacution contributes to TheHill.com’s development of story on Robinhood, “Are trading apps propping up markets?” (August 6, 2020).
“You’d never believe how hard it is to find a wetsuit in Boston.” – Dave “Davey Day Trader” Portnoy Alphacution quoted in Financial Times story on day trading, “Day trading: no complaints from Portnoy” (June 17, 2020).
“Robinhood’s users have been mocked endlessly for their inexperience and even blamed for a stock market many view as out of touch with reality.” – by Bloomberg Opinion Columnist, Nir Kaissar Alphacution contributes to Bloomberg Opinion’s development of story on Robinhood, “Robinhood Is Democratizing Markets, Not Disrupting Them” (July 17, 2020).
“Its users buy and sell the riskiest financial products and do so more frequently than customers at other retail brokerage firms, but their inexperience can lead to staggering losses.” – by Nathaniel Popper Alphacution contributes to The New York Times’ development of story on Robinhood, “Robinhood Has Lured Young Traders, Sometimes With Devastating Results” (July 8, 2020).
Alphacution quoted in Financial Times story by Philip Stafford on options exchanges, “US options exchanges prepare to reopen trading floors” (May 3, 2020).
The latest from Lynne Marek, Crain's Chicago Business: "Why Citadel Securities may not be cheering all these retail brokerage mergers: The combos of Morgan Stanley and E-Trade, plus Schwab and TD Ameritrade, could squeeze an important revenue stream."