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  1. ETJ

    Proposed Financial transaction tax question (Futures)

    Dem's need to run the table in 2020 to get any of this done. They have the house and based on today's data they will keep it. They then need the two other pieces and we'll see - not impossible. Most states public education is already pretty much free to the needy doesn't mean there are still...
  2. ETJ

    Exchange operator Cboe plans new data platform as profits rise

    I agree - this is all about data sales.
  3. ETJ

    Please help me, option market making risk return, thanks

    Let's see - aren't you the one who openly sobbed about the haters on the site. We are one of the top 5 MFAs in the US. 2017 $57 million bonus pool 2018 a bit less 2019 $90 million accrued so far. Our retired CEO had his MarketsWiki profile posted here by some folks who knew him. "Always...
  4. ETJ

    Please help me, option market making risk return, thanks

    Nope - guess again.
  5. ETJ

    Please help me, option market making risk return, thanks

    We are in the North Shore of Chicago. If you want to put a resume in the queue shoot me a private message and I'll send the HR mailbox address. No spoofed email address - so don't reply without a real email. We are a MFA trading a ton of options and futures. Very little US so you work...
  6. ETJ

    Who is writing 1 or 2 or 3 unit option contracts?

    Would need more granularity. I have a suspicion but without more granularity. What underlying? Are they spreads? Identical or different timestamps? Same or multiple exchanges? Any chance these are Box or MIAX fills? Are these deeps or cheaps?
  7. ETJ

    Exchange operator Cboe plans new data platform as profits rise

    By John McCrank and Abhishek Manikandan (Reuters) - Cboe Global Markets Inc plans to build a research and data platform that will provide its customers with trading insights and spur new financial products, the exchange operator said after posting better-than-expected earnings on Friday. Cboe...
  8. ETJ

    is scalping spy weekly option possible?

    Just some general thoughts: Keep your overall friction as low as possible so whether you use SPY or SPX do the math. SPX will always have the exchange fee and SPY will almost always have the rebate. It's just as important to learn when not to trade as it is to learn to trade your setup. Can...
  9. ETJ

    Option exchange location

    CME sells its main data center near Chicago for $130 million Gossip was they spent 10X to build it. As a public company, you can probably search their EDGAR filings. https://www.chicagobusiness.com/article/20160315/NEWS01/160319875/cme-sells-its-main-data-center-near-chicago-for-130-million
  10. ETJ

    Option exchange location

    Equinix data centers - where the servers live and hopefully you broker is colocated. Futures options are different and I don't believe anyone runs their own data center - pretty much everything is leased.
  11. ETJ

    Exclusive: Deutsche Bank sets aside $1.1 billion to exit derivatives

    OUCH !! NEW YORK (Reuters) - Deutsche Bank (DBKGn.DE) has set aside over 1 billion euros ($1.1 billion) to cover the cost of offloading derivatives in its ‘bad bank,’ or capital release unit, three sources at the bank told Reuters. The cost, which has not been publicly disclosed, is included...
  12. ETJ

    Please help me, option market making risk return, thanks

    Pretty much every firm does some level of college recruit/internships if they are a scale firm. I very much doubt your first job - for any of us - was our lifetime wish job. A fair amount of opportunity was created by Global Trading Hours. In the old days, you clerked or ran and the going...
  13. ETJ

    Please help me, option market making risk return, thanks

    3 ways to meet us on campus https://drw.com/updates/blog/3-ways-to-meet-us-on-campus
  14. ETJ

    Please help me, option market making risk return, thanks

    What city are you in and what city would you consider as home. Brexit may create some opportunities.
  15. ETJ

    Please help me, option market making risk return, thanks

    Depends on your job - a multi stock OMM with good two sided paper will be afforded a ton of leverage at OCC if you are well hedged. So let's say your cash on cash is 5% - with leverage that can become 50% to 100% depending on the paper, how many exchanges you stream too. That's gross before...
  16. ETJ

    Susquehanna International Group Case Study: Overview and Executive Summary Available for Download

    Box actually open a "floor" last year in the CBOT - it's kind of large office space. CBOE now has a coffee bar on 4 off the floor. Was still operating two pits, but it has been a while. Probably the biggest floors left in Chicago are the firm bullpens of traders. Uncertain what is still...
  17. ETJ

    Options market in China

    There was a group of investors out of China that bid on the Chicago Stock Exchange. Deal kicked around for over a year and the SEC finally killed it over staff recommendation. Part of the proposal included a new options exchange in Chongqing. Politics - it even became a campaign/debates...
  18. ETJ

    Susquehanna International Group Case Study: Overview and Executive Summary Available for Download

    John R. Boehm The Old Main Post Office at 433 W. Van Buren St. The parent company of the Chicago Board Options Exchange is closing in on a deal to move its Loop headquarters to the redeveloped Old Main Post Office, adding to a leasing hot streak at the historic structure as it transforms into a...
  19. ETJ

    Veterans with USAA to see reduced cash yields following Schwab deal

    Assholes! Charles Schwab's purchase of 1 million USAA accounts will benefit the industry titan's bottom line — but it will also cut into returns on cash belonging to veterans and their families. As part of the deal set to close in 2020, Schwab will sweep $7 billion in cash from USAA retail...
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