interactive-brokers-options-market-making-retreat

Interactive Brokers to Retreat From Options Market-Making

(FinanceMagnate)--Electronic trading firm Interactive Brokers Group, Inc. (NASDAQ:IBKR) aka “IB”has announced its plans to put an end to its options market making activities globally. The operations, which are conducted through the Timber Hill companies, are expected to be phased out over the coming months. The broker will continue carrying out…Read More

9 March, 2017
neil-desena-fintech-senahill-marketsmuse

A Fond Fairwell to Fintech Pioneer Neil DeSena

Those of us who have worked in and/or around the world of electronic trading for more than 15 minutes readily know about REDI, the ubiquitous direct access execution platform for stocks and options that was introduced by Spear Leeds & Kellogg in 1987 to its professional clearing customers, a universe…Read More

20 February, 2017
cboe-bats-merger-rumor

Options Mart CBOE Rumored to Merge with BATS Exchange

Following a decade of new exchange launches, which led to a series of aggressive fee competition to attract order flow and elevated the 'pay-for-order-flow' game, the more current trend towards consolidation, fueled by an industry-wide race to zero fees and commissions is sparking rumors that the CBOE and BATS are…Read More

23 September, 2016
finra-report-card-broker-spoofing

Finra Sends Brokers Notice of Spoofing

"Report Cards" Delivered to Brokerages Citing High-Speed Manipulative Practices, Including Spoofing and Layering (WSJ) --Finra, the securities industry’s self-regulator sent out its first monthly “report cards” to brokerage firms warning about manipulative superfast trading practices, marking the beginning of an effort to encourage the firms to cut off traders that…Read More

29 April, 2016
sec-audit-system-catch-me-if-you-can-marketsmuse

SEC Proposes System to Catch Market Manipulators

In effort to thwart the "Catch Me If You Can" crowd, the SEC has proposed a new audit system that will purportedly allow regulators to track every bid and offer submitted to stock and options exchanges in effort to catch market manipulators. (WSJ)--U.S. market regulators on Wednesday proposed a massive data repository…Read More

28 April, 2016
china-etf-fxi-rareview-macro-neil-azous-marketsmuse

Global Macro Gut Trade: China ETF

For those following global macro think tank Rareview Macro's "Sight Beyond Sight", you already know that the firm's chief strategist Neil Azous is on a roll and the firm's model portfolio is outpacing many who have an ax in global macro style investing. Today's edition of the firm's commentary caught…Read More

13 April, 2016
nasdaq-buys-ise

NASDAQ To Buy ISE Options Mart

(Bloomberg)-In what merger-arbitrage experts might call a 'take-under', Nasdaq Inc. is paying less than half the price for what ISE traded for in its last price setting after it agreed to buy Deutsche Boerse AG’s International Securities Exchange for $1.1 billion, catapulting it to the top of the U.S. options…Read More

10 March, 2016
fear-index-bats-global-SPYIX

I’m Afraid There Is a New Fear Index

Exchanges Battle Each Other to Create Competing Fear Index Products, out of fear of losing market share. Another index product to "measure" investors' fear?? Are they bats?! As MarketsMuse Chief Curator says, "Yes, Matilda, I'm afraid to say there is yet another new fear index" intended to compete with the…Read More

8 March, 2016
wsl-2016-best-broker-dealer

2016 Wall Street Letter Award For Best Broker-Dealer Goes…

If not as widely-covered as the GOP or DNC primaries, financial industry publication Wall Street Letter ("WSL") held its 5th Annual Institutional Trading Awards ceremony last night at NYC venue 583 Park Avenue and recognized best-in-class broker-dealers across 7 major categories, including Best Broker Dealer (OverAll), Best Broker-Dealer Research, Best…Read More

24 February, 2016
investors-impaired-rareview

Professional Investors Are Impaired Says MarketsMuse

Referring to anyone as 'being impaired' is not a compliment. And, in the world of financial market punditry, where at least half of the experts are best at telling their audience what happened during the past 12 hours, while another 45% who position themselves as forecasters are right maybe 50%…Read More

5 February, 2016
keep-calm-and-put-things-in-perspective-marketsmuse-rareview-macro

Global Macro View-Friday’s Stock Rally In Perspective

MarketsMuse curators have canvassed assortment of guru-types who have attempted to decipher Friday's stock rally, along with tuning in to the abundance of Monday morning quarterback views. For those who turn to the cartoon channel (i.e. CNBC), some pundits call it a dead cat bounce, more optimistic professional traders and…Read More

1 February, 2016
cboe overhaul

Options Mart’s CBOE To Make Major Overhaul

(MarketsMedia : not to be confused with Madmen Media, owner of MarketsMuse.com)- In order to keep up with the demands of today’s high-volume electronic markets and leverage their fintech muscles, the Chicago Board Options Exchange, the top options mart player plans to migrate its CBOE and C2 options markets as…Read More

14 January, 2016
wrong way first trade global macro

2016-Global Macro-The Wrong Way First Trade

You don't need to be a MarketsMuse or a global macro guru (or any other type of pundit) to know that professional financial market traders are only as good as their last best trade. In that spirit, we look to the 2016 outlook and spotlight on the Wrong Way First…Read More

3 January, 2016
veterans day

How One Wall St Firm Honors Veterans Day

9 November (BrokerDealer.com)--Broker-Dealer Mischler Financial Group (“Mischler”) , the securities industry’s oldest minority investment bank and institutional brokerage owned and operated by Service-Disabled Veterans announced that in connection with the firm’s annual recognition of Veteran’s Day, Mischler has pledged a portion of the firm’s entire November 2015 profits to The…Read More

9 November, 2015
how to harvest volatility

Volatility is the New Asset Class-How To Harvest

MarketsMuse Strike Price curators are always looking for smart perspectives on how to bring more asset managers and institutional investors to better understand and embrace the use of options in a responsible manner. According to Todd Hawthorne,  lead portfolio manager of Boston Partners, volatility [which some immediately and sometimes, misguidedly…Read More

16 October, 2015
mb-star-wars rareview macro oct 5 2015 marketsmuse

Risk Takers Cry Out In Terror-A Rareview With Sight…

Professional Investment Community Cries Out in Agony and They Don’t Yet Know Exactly Why MarketsMuse Strike Price and Global Macro curators voted the Oct 5 edition of global macro advisory firm Rareview Macro's Sight Beyond Sight the best read of the week. Yes, its only Monday, but those who follow…Read More

5 October, 2015

Watch Out Wall Street-The Big Short is Coming

For Wall Street bankers and brokers who have been in the business since at least the early 2000's and are still working on the Street, and who think you've already been pilloried plenty for the work you do, watch out, former Lehman broker-turned best-selling author Michael Lewis ("Liar's Poker", "Money…Read More

23 September, 2015

The Volcano Trade, Vontae Mack and VXX

MarketsMuse Global Macro merges with Strike Price seers with sage excerpt from 18 Sept edition of "Sight Beyond Sight", the daily newsletter published by global macro think tank Rareview Macro and authored by Managing Member Neil Azous and rising star Michael Sedacca...For fans of the film Draft Day, this excerpt…Read More

18 September, 2015