Wolverine Trading and Meme Stock Options
One of the more fascinating discoveries made in Alphacution's recently published case studies on US Equity Option Market Makers comes to us from Wolverine Trading...
Wolverine Trading and Meme Stock Options
One of the more fascinating discoveries made in Alphacution's recently published case studies on US Equity Option Market Makers comes to us from Wolverine Trading...
Jane Street Makes Another Debut
Jane Street wedges its way into retail options. It's early. The numbers are small. But, they are a powerhouse with competitive advantages. Alphacution makes its case for what could happen here...
Morgan Stanley: Swimming Against The Tide
Returning to a provocative thread from late 2022, Alphacution updates some of Morgan Stanley's latest moves in wholesale market making...
Virtu’s Q3 Net Trading Income Was Predictable Before Earnings Release
Alphacution presents an excerpt from its analysis of the relationship between Rule 605 data and net trading income from retail order flow - along with a selection of updated charts for Virtu Financial for Q3 2023... The full Feed post is available to Silver and Premium subscribers...
Virtu’s Q3 Net Trading Income Was Predictable Before Earnings Release
For wholesale market makers in US equities there appears to be a relationship between Rule 605 data and net trading income from retail order flow. For Virtu Financial, a public company and the closest example to a "pure play" in US equity wholesaling, this relationship could have been estimated before the Q3 2023 earnings release date. In this Feed post, Alphacution shares its analysis for this finding - and why it's not the most important component of this discovery...
Robinhood Drops a Load on Morgan Stanley
Alphacution details anomalous behavior between Robinhood, Morgan Stanley & Co, and other wholesale market makers in recent retail option order flow...
Retail Equity Option Review – Q2 2023 (Updated)
Alphacution updates its comprehensive review of retail option activity - including breakdowns by wholesale market maker and retail broker - through June 2023...
US Stock Market Has Sprung A Strange Leak
The US equity securities "universe" demonstrated an unprecedented expansion from mid-2020 through mid-2022. Alphacution illustrates how this macro trend has turned - along with possible impacts - via the data of leading wholesale equity market makers...
Under 100 Milliseconds: Jane Street Enters The Picture
Alphacution adds Jane Street market center "JNST" and 18 new charts to the ongoing comparison of execution speed/time that already includes Citadel Securities and Virtu Financial. With each step, this analysis yields new insights and increasing fascination...
