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.
More Pyth Network, More Crypto Market Makers
Crypto markets are a rapidly evolving landscape. Recent additions to the Pyth Network help Alphacution expand its roster of crypto market makers, liquidity providers and potential new entrants...
Forget ESG: SEC Still Fumbles The Basics…
New disclosure tools from the SEC - like an ESG reporting framework - are useful, but enhancing and enforcing existing disclosure tools are useful, too. Alphacution makes its case based on its roster of option market makers...
Ranking Robinhood’s Wholesale Market Makers
Alphacution's analysis and modeling of Robinhood's latest financial disclosures leads to a ranking of its wholesale market makers, along with a couple important side bars...
Robinhood’s Anniversaries: Buying Rumors, Selling News
Late January 2022 coincided with Robinhood's Q4 2021 earnings release and two very important anniversaries. Alphacution commemorates these milestones with the following analysis...
Chicago Trading Company Levels Up
Based on its collaboration with Pyth Network and a recent big hire from Millennium, Alphacution puts its spotlight on derivatives powerhouse, Chicago Trading Company (CTC)...
Alphacution Publishes “Simplex Trading, Unadjusted”
In this 67-page, 64-exhibit chart book, “Simplex Trading, Unadjusted,” Alphacution borrows the spotlight from the record-setting volumes in the US options market for 2021 and focuses it in on one of the key – yet, relatively little known – players in the space: option market maker, Simplex Trading, LLC. Taking some of its recent modeling upgrades for an initial spin, Alphacution performs its unique brand of visual display on public regulatory data to present what is likely to be an unprecedented review of such a secretive player operating in such a complex arena like Simplex.
Alphacution Press: CNBC on Record Option Trading Activity
Alphacution data and a quote included in the story, "Options trading activity hits record powered by retail investors, but most are playing a losing game" by CNBC reporter, Yun Li.
Option Markets: How (Real, Synthetic) Whales Wag The Dog…
US listed markets have become inverted, with option volumes consistently exceeding stock volumes in 2021. Alphacution presents a hypothesis about real and synthetic whales that influence markets via options - as well as evidence of market maker activity beneath it all...
