Best brokerage for SPX options trader

Discussion in 'Retail Brokers' started by m0gambo, Jul 21, 2018.

  1. Sig

    Sig

    For sure. I'm talking 20-50 SPX contract spreads, where the desk is death. I think the smaller size and the fact that they're spreads are a factor. Also, the electronic SPX market is just really efficient, I pretty much always get the mid or just off mid there if it's a true mid and within a reasonable distance from the current market, so not much a desk can improve unless you want to move really big order without impacting the market.
     
    #21     Jul 23, 2018
  2. ajacobson

    ajacobson

    A dedicated SPX book and trader is worth their weight in gold. Yes you need size.There is more OI upstairs than in the pit. No good if the CME is down, but then again nothing is.
    There wouldn't be dedicated desks and OI upstairs if it didn't serve a purpose. Sort of the dark pools of SPX except with an S&P license.
    If the pit serves you well - then by all means stay with it.
    It's also very easy for the desk to carry OI and hedge as long as the CME is alive. Plus the pit leaks information when it shows an order.
     
    #22     Jul 23, 2018
  3. il023109

    il023109

    how can send private message?
     
    #23     Aug 26, 2019
  4. Robert Morse

    Robert Morse Sponsor

    Email me. My email is below.
     
    #24     Aug 26, 2019
  5. marwanco

    marwanco

    Dear Rob,
    Do you Accept Canadian customers, main interest SPX Options and /ES Futures
     
    #25     Sep 20, 2019