Surviving In Interesting Times

Over the last few weeks traders have experienced a sea change in the volatility environment of the market; we have gone from a milieu in which implied volatility (IV) was low and was perhaps establishing a new long term reality to the current state of accelerating IV in a wide range of underlyings.

read more

Episode 56 – Live From OIC: NASDAQ OMX and PHLX

Live from OIC – Mark is joined by Tom Wittman, President, NASDAQ OMX/PHLX. Mark and Tom discuss the fact that so many exchanges are copying PHLX by swapping ownership for order flow. They also discuss the claims that NASDAQ and BATS are cannibalizing the options market. Finally, they debate PHLX's controversial pursuit of dividend trade volume. Does this strategy exploit retail traders and distort the overall options market?

read more