October is not only the month of legendary stock market crashes, also time for updates from Euronext on who’s who in the option markets. Here’s the overview of all stock options with the market makers providing liquidity. Some new firms joined, some others left. Won’t surprise you only two new entrants to game. New entrantsRead more
The liquidity provider licenses used to be a closed shop at NYSE Liffe. Once a firm was “primary market maker”, quoting all available options in a certain class, they usually could hold on their quoting position forever. These quoting licenses were limited, usually only 3 for smaller stocks to around 5 for the bigger onesRead more
In the option market, the market makers are quoting options to capture a profit from the bid-ask spread. Apart from this, sending bids and offers to the market serves another practical goal. Euronext Liffe is charging less when you are providing liquidity to the market. It’s not unusual for a lot of market makers toRead more
God is a fan of the financials. Saturday the Financial Football Tournament was held on a bright sunny day. The Germans have won the title. EEX, which is an acronym for the European Energy Exchange, won the final with 2-0 from Scrocca. To make matters worse for the rest of the field, the Leipzig basedRead more
Last round of play offs for the primary market maker licenses ended last week. In nearly a dozen option classes the traders have been trying to quote as tight as possible for two months. The best liquidity provider wins. It wasn’t IMC so send the tightest quotes. IMC lost play offs. All of ‘m. TheRead more
