Top 10 ETFs for Traders, And Then Some…
Alphacution makes a case for the best - and worst - ETFs for active traders, even at the risk of increased market concentration...
Deep Dive: European ETP Spread Analysis For Systematic Internalisers
In this 34-page, 36-exhibit, 6,400-word Focus Note, "European ETP Spread Analysis For Systematic Internalisers," Alphacution publishes its findings from the core research objectives of this project: 1) credibly quantify the theoretical "gross" spread value for ETPs traded on LSEG, 2) credibly quantify the portion of this value for SIs, and 3) illuminate or elevate any other clues about the trading preferences of SIs.
European ETP Spreads: Tripping Down The Rabbit Hole (UPDATED)
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...
Alphacution Press: Financial Times on Off-Exchange Traded Funds
The financial press is reading Alphacution! This one showed up without any direct involvement from Alphacution thanks to Robin Wigglesworth of the Financial Times in "Off-Exchange Traded Funds."
The Mighty SPY
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)...
Bird’s Eye View: The Exchange-Traded Products Market 2022
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...
Single-Stock ETFs And The Market For Financial Playthings
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."
ETP Chart Porn: More Regional Domination
The suite of charts included in this Feed post about the global ETP market showcase the increasing dominance of one region over the others...
Measuring Structural Alpha Capacity in the Global ETP Market
Thanks to reporting from our friends at Flow Traders, Alphacution walks through a storyboard of ETP market attributes to arrive at an estimate for the structural (market making) revenue potential of the global and regional ETP markets...
Case Study: History of Jane Street
"I don't stop when I'm tired, I stop when I'm done." - James Bond Alphacution publishes its 125-page, 149-exhibit, 26,000-word case study, "History of Jane Street," with notable expansions into regional, US option strategy and revenue estimation details. The following is the Opening to that report with Table of Contents, including download of the full Executive Summary. Access to this report is available to Premium Subscribers. Subscription and individual report purchase inquiries can be directed to info@alphacution.com. NOTE: No representative of Alphacution has been in contact with any representative of Jane Street Group, LLC or affiliated entities for the preparation of this report. This report is solely based on the author’s interpretation of Alphacution’s ongoing assembly of raw, open-access data; library of contextualized modeling; and, internally-developed content. This report does not benefit from, nor include, any material non-public information (MNPI). Introduction Volatility... It’s like the highest-octane fuel in the engine of every proprietary trading and market making firm – and it is very difficult to capture, harvest or [...]
