There has been a great deal of hubbub over the impact of penny pricing on the options markets. Some believe that the massive influx of quote traffic will overwhelm the industry. Others believe that Penny Pilot critics are trying to scare the industry away from pennies just to protect their existing business models. However, there has been little data released by either side to back up their arguments. Until now…
Penny Pricing By the Numbers – Part One
There has been a great deal of hubbub over the impact of penny pricing on the options markets. Some believe that the massive influx of quote traffic will overwhelm the industry. Others believe that Penny Pilot critics are trying to scare the industry away from pennies just to protect their existing business models. However, there has been little data released by either side to back up their arguments. Until now…
Peeling Back the Onion – How Exploits Can Manipulate Options Volume Numbers
Everywhere you look, there are signs that the options business is booming. Revenues are up across the board. Each week, a press release announces that another long-standing volume record has been shattered. However, when you dig beneath the swarms of press releases and celebratory annual reports, you quickly realize that something strange is afoot. This bonanza might not be all it’s cracked up to be.
FIA Expo 2007 Update: Volatility is Good for the CBOE
With the VIX rapidly approaching celebrity status and a new index on the horizon, the CBOE is cashing in on volatility.
FIA Expo 2007 Preview
Conference season is upon us! An advance look at the kickoff event for the derivatives year.
Hedge Funds Invade the Options Markets
For decades, they have been the cloak and dagger arm of Wall Street. These mysterious entities trade on behalf of secretive clients, concocting elaborate strategies that move markets and occasionally destroy them. Now they've set their eyes on the options markets…
SEC vs CFTC: There Can Be Only One – Conclusion
Is the derivatives world doomed to suffer under dual regulation forever?
SEC vs CFTC: There Can Be Only One – Part One
Is the derivatives world doomed to suffer under dual regulation forever?
PENNY UPDATE: Full Schedule for the Pilot Program
The pilot has begun…
What is Payment for Order Flow? – Part Two
Depending on Your Perspective, Payment for Order Flow is either the Salvation of the Options Markets or the End of Competition As We Know It.
What is Payment for Order Flow? – Part One
Depending on Your Perspective, Payment for Order Flow is either the Salvation of the Options Markets or the End of Competition As We Know It.
Rise of the Machines – Part Three
The Age Old Battle Between Man and Machine Spills Over Into the Derivatives World
