IB Quits options game!

Discussion in 'Wall St. News' started by SoesWasBetter, Mar 8, 2017.

  1. JackRab

    JackRab

    not you :) hahaa

    It probably means they want to do market making deals direct with smaller hedgefunds, family offices with decent advanced systems and very large traders... so not brokerage, but give direct sharp quotes where the client can trade on without the flow to be broken up to multiple MM's.

    We used to do that... we had an exclusive deal with a private client that did huge trades... was awesome...
     
    #131     May 10, 2017
  2. @JackRab hahaa, indeed, not me.
    The words wholesale and retail sounded contradictory to me. Thank you for your clarification what kind of firms they mean by that.
     
    #132     May 10, 2017
  3. JackRab

    JackRab

    I think they just came up with that naming. Somewhat like a in between segment... retail client that is large enough to be accessing the wholesale market....
     
    #133     May 10, 2017
  4. Robert Morse

    Robert Morse Sponsor

    I've not heard that term before, but I expect that is where you offer payment for order flow (PFOF) as a MM on an exchange as the designated market maker (DMM) . The broker gets a payment for the flow and the DMM gets order flow to trade on.
     
    #134     May 11, 2017
  5. Either that, or someone in a marketing or PR department had to come up with an important looking press release. And started to be creative with words, without re-using the words which are already included in the bull$hit bingo.
     
    #135     May 11, 2017
  6. ajacobson

    ajacobson

    Timberhill's 6/30/2017 position filing shows their aggregate open interest has been reduced dramatically. Their 13F filing is too big to post here, but it's all over the internet if you want to view it. Posted to the SEC site showing an 08/09/17 date. So it kind of looks like they have wound down MM activity or are close.
     
    #136     Aug 15, 2017
    jtrader33 likes this.