Cutler Group Options: Where Small (Share) Is Big (Revenue)
Alphacution leverages rarely disclosed data - in this case, from option market maker, Cutler Group, LP - to estimate the revenue potential of an option market share point...
Susquehanna’s Share of US Equity Options
Alphacution's estimates of market share for open interest of US equity options improves our understanding of market share by US equity option trading volume for SIG and, perhaps more importantly, others...
Alphacution Publishes “The Proprietary Traders, Part I – Global Roster and Select Rankings”
Alphacution publishes latest case study, "The Proprietary Traders, Part I - Global Roster and Select Rankings." Find the Introduction section from the first part of this multi-part series here... The full case study is available to premium subscribers or via individual document purchase.
There’s Something About Akuna
Alphacution's reconstruction of the available to data to detail option market player composition serves as catalyst for its first deep dive into Akuna Capital. Turns out, there's something different going on there...
Market Share Analysis: Option Market Makers
Based on new and updated modeling for a group of option market makers - including Group One Trading, Wolverine Trading, and Cutler Group - Alphacution shares new perspective on market share...
Maven Securities Reaches Escape Velocity
This week, Alphacution turns its attention to a fascinating story in the making: London-based market maker and proprietary trading firm, Maven Securities Limited.
Optiver vs. IMC: Battle of Amsterdam Rages On…
Alphacution updates its modeling with the latest data - along with new insights on detailing index arbitrage strategies - to showcase the ongoing battle between some legendary option players...
Schonfeld Finds His Grail
Roughly six years ago, Steven Schonfeld and his Schonfeld Strategic Advisors engineered a what turned out to be a profound shift in trading strategy. Alphacution tip toes through the available data to illustrate clear markers for that shift...
SIG Joins The Congregation
Are we having an impact? No one's talking. But, the data speaks anyway...
Alphacution Publishes “The Chicago Trading Company” Case Study
In this 71-page, 69-exhibit chart book, “The Chicago Trading Company,” Alphacution continues its focus on the explosion of activity in US option markets with a deep dive into another leading option trading firm, CTC, LLC. In this report, Alphacution leverages evolving modeling capabilities to explore its first example of a proprietary trading firm with core concentration in index options along with the peripheral suite of cash, futures and other option products used to capture volatility arbitrage opportunities. Furthermore, this research sets the stage to potentially identify (and rank) other large index option players with similar strategies where the regulatory data is not specifically disclosing exposures to index options. The complete chart book is available to premium subscribers or via individual document purchase.
