I'm a MM in UST options. Been using Optionscity Metro for the past four years, but was wondering if any other MMs have software recommendations. Other than Orc is there any other 3rd party software that will let me auto quote?
Yeah with options you do always carry a position. Most nights my margin maintenance is ~50K, but can spike to 150K-200K when a serial month is approaching expiration.
Low latency isn't a huge deal with the options. I use OptionsCity software and they handle all of the server hosting issues. The only infrastructure I would need would be my workstation/desk, which can easily be rented down at the CBOT.
I'm looking for a company that will provide the capital, or give a better payout if I put in some of my own. I have 6 years of experience as a UST options market maker with different firms in the Chicago area and looking to go solo. Any names of companies I can contact would be much appreciated.