Alphacution solves one of a few key mysteries that have lingered for the past couple years. Turns out, the solution is indirectly tied to other players in Alphacution's fiercely competitive structural alpha zone...
First HRT. Then Jump. Now, Optiver joins the chorus representing a collective "squeal" by a subset of secretive prop firms attempting to influence changes to US equity and options market structure...
Fintech reporter, Tomio Geron, from Protocol – a new media company from the publisher of POLITICO focusing on the people, power and politics of tech – published “Regulators are going after payments for stock orders. What about crypto?” on September 16, 2021 based in large part on Alphacution’s research.
Alphacution delivers a new comparison of Virtu Americas and Citadel Securities to explore the objectives of risk warehousing and risk disposal...
Alphacution has written recently about the emerging evidence of "crypto PFOF." Based on Robinhood's latest earnings and other regulatory data, Alphacution takes that recent analysis a step further to illustrate the emerging significance of wholesale market making in cryptocurrencies and the players behind it...
Like the Lock Ness monster and Big Foot, Alphacution has found evidence of crypto PFOF...
Robinhood IPO puts the secretive practice of ‘payment for order flow’ in the spotlight. Here’s how it works... By Fortune finance reporter, Jessica Mathews
In this 193-page, 272-exhibit, 30,800-word case study, “The Robinhood Effect,” Alphacution brings together data and modeling from 25 entities – 11 retail brokers and 14 wholesale market makers – to explain a new phenomenon that now lives at the center of the US capital markets ecosystem. Alphacution’s most ambitious research project to date, this report covers the governing liquidity economics framework that defines PFOF rates, the mechanics of Robinhood’s aggressive retail brokerage model, the transformation of the retail brokerage industry, the sophisticated strategy architectures of wholesale market makers, and the “retail flow factors” that impact all market actors in the ecosystem – among many other themes and avenues for future research. An executive summary is available for review and download by open subscribers (w/ free registration). The complete case study is available to premium subscribers or via individual report purchase.
Fintech reporter, Tomio Geron, from Protocol - a new media company from the publisher of POLITICO focusing on the people, power and politics of tech - publishes article based largely on Alphacution's research.
On a lazy Thursday afternoon leading up to the US 4th of July holiday weekend, Robinhood unveils its IPO (S-1) document to the world. Here are some early highlights and analysis that can only be found at Alphacution...
