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Outlook 2023: That Giant Sucking Sound (Updated / Corrected)

There are two causes of the "giant sucking sound" that you hear - and need to pay attention to for the year ahead. The first is painfully obvious; the second should be (painfully obvious), but likely isn't. Alphacution makes its case...

By Paul Rowady | January 5, 2023 | For Subscribers

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Alphacution’s Best of 2022

Of the nearly 50 original research pieces published to the Feed in 2022, Alphacution shares your picks for Best of the Year...

By Paul Rowady | January 2, 2023 | For Subscribers

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Guest Post: More on Year-End SPX Option Impacts

Guest Post: Derivatives specialist, Don Dale, adds his final thoughts to potential year-end market impacts caused by the mechanics of one of the most successful option overlay products in the market today; the $15 billion JP Morgan Hedged Equity Fund...

By 140dbllc | December 28, 2022 | Open

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Robinhood’s Dirty Little Secret

Alphacution makes its case for where new market structure rules should, at the very least, be successful - as well as a clue for how our research influenced (and altered) Robinhood's business model...

By Paul Rowady | December 27, 2022 | For Subscribers

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Guest Post: Santa or Grinch? Impacts From The Next Big Option Trade

Guest Post: Derivatives specialist, Don Dale, joins the Feed to explain potential year-end market impacts caused by the mechanics of one of the most successful option overlay products in the market today; the $15 billion JP Morgan Hedged Equity Fund...

By 140dbllc | December 15, 2022 | Open

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The Mother of All PFOF Charts – Q3 2022 Edition, Part II

Part II - Equity PFOF Volumes / Wholesaler Market Shares: Alphacution organizes and distills 33 months of payment for order flow (PFOF) data from 14 retail brokers and 13 wholesale market makers to place a wide-angle frame around the US Securities and Exchange Commission's upcoming proposals for a major equities market structure overhaul...

By Paul Rowady | December 14, 2022 | For Subscribers

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The Mother of All PFOF Charts – Q3 2022 Edition, Part I

Alphacution organizes and distills 33 months of payment for order flow (PFOF) data from 14 retail brokers and 13 wholesale market makers to place a wide-angle frame around the US Securities and Exchange Commission's upcoming proposals for a major equities market structure overhaul...

By Paul Rowady | December 7, 2022 | For Subscribers

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Wanted: A White Knight In Cryptoland

The dramatic implosion of FTX and Sam Bankman-Fried's crypto empire is a huge and very fast moving story - with new revelations, about the details leading up to SBF's collapse and the contagion risks embedded in crypto markets as a result of that collapse, surfacing by the hour. Here, Alphacution assimilates a sample of the most thoughtful commentary on the current crypto saga as backdrop for its list of proprietary trading firms who represent possible "white knights"...

By Paul Rowady | November 21, 2022 | For Subscribers

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Simplex Trading Stumbles?

The Wall Street Journal reports that Simplex Trading may have - temporarily or permanently, we don't know - stopped accepting retail option orders. Alphacution provides some context around Simplex's option wholesaling business...

By Paul Rowady | November 10, 2022 | For Subscribers

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Alphacution Press: WSJ on Simplex’s Potentially Abusive Option Strategy

Alphacution provides data and analysis for The Wall Street Journal's Alexander Osipovich article, "High-Speed Trader Simplex Warned About Potentially Abusive Options Strategy."

By Paul Rowady | November 4, 2022 | Press

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