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  1. M

    Is Gessler, head of the SEC, trying to end zero commissions?

    Now imagine you cut down your ticket charge by routing your limit orders to venues that actually pay you to do so plus your entries are 1 ct better on average, because the internalizer doesn't frontrun every single one of your orders... Stop talking about math when you don't know anything about...
  2. M

    Is Gessler, head of the SEC, trying to end zero commissions?

    Ah... so you know someone who knows something and because I don't believe your dreamed up numbers they gonna make more money in 20min than I do in a year.
  3. M

    Is Gessler, head of the SEC, trying to end zero commissions?

    Nobody cares about your numbers as long as you don't understand the underlying functionality of Pfof and subpenny pricing... My workaround? Get direct access and route your passive orders to venues that pay rebates. However, my definition of trader might be a bit different. The average 20k...
  4. M

    Is Gessler, head of the SEC, trying to end zero commissions?

    Ok, go ahead and make the market maker rich.
  5. M

    Is Gessler, head of the SEC, trying to end zero commissions?

    Ok, you REALLY dont understand how this works, do you? There is one guy who gets a couple of million 1:100 RR trades per day and then there is another guy (you and average joe) who thinks that is a good thing because free trading. It's like going to the casino because free drinks. Markets...
  6. M

    Is Gessler, head of the SEC, trying to end zero commissions?

    oh god...I don't know what's worse: a wholesaler who fleeces clients by getting a look at their orders for a small fee without the obligation to execute or a guy who defends this practise because he's gotten a couple of good fills by accident
  7. M

    24/7 Bitcoin and Crypto Trading

    Just that it is not crypto trading but CFDs
  8. M

    Connecting Ninjatrader to Bitmex does not work

    use tradingview.com for charting. it's free. Forget that NT crap
  9. M

    New BTC futures ETF

    Perhaps this is one of the best examples of why crypto has value
  10. M

    New BTC futures ETF

    sure :)
  11. M

    New BTC futures ETF

    https://www.cmegroup.com/markets/interest-rates/stirs/eurodollar.quotes.html Biggest futures market and 2nd biggest spot market on the globe. Perhaps you need a bigger tinfoil hat?
  12. M

    New BTC futures ETF

    Maybe a futures contract for dollars that are traded outside the grip of the FED ecosystem in a black market that only a handful of players can access?
  13. M

    It's a shitty trade, but it's my shitty trade

    So here's my take on this: First of all, negative gamma is a bad thing, period. When market goes up, you become short and when market goes down you get long. Second, I don't quite understand why you would consider buying vega in the long maturities and shorting vega in the short maturity...
  14. M

    Modelling skew dependent on vol of vol

    Just a gentle reminder here. Nothing that is said here is required for making money when using options to bet on moves in the underlying. However it is required as soon as you trade a complex portfolio of options in order to exploit moves in vol. Nobody actually wants to be cool here by using...
  15. M

    Need Suggestion for Brokers that uses Silexx

    Well...just pick up the phone and call every house on that list. 21 names, should not be too much work. The other question is: can you (or do you want to) afford the OEMS to handle the executions?
  16. M

    Help me understand crypto Market Cap and the role of new money....

    nahhh dude. just because it doesn't make sense to you doesn't mean it doesn't make sense at all. there is a strong global macro force driving that market and that's why it goes bonkers
  17. M

    Cool option plays

    Usually they don't slap on a 4x1 backspread and go on vacation. The idea is to maximize gamma and volga and finance the bleed with just enough theta to be neutral. Positions could be over various tenors and options are traded on a daily basis
  18. M

    Cool option plays

    That's basically how long tail funds structure their position. When nothing happens, you're flat and when it nukes it rains money. The tricky part is when the market meanders down towards your long strike but thats a scenario you can manage actively.
  19. M

    Modelling skew dependent on vol of vol

    100% agree to the fact that two options traders on the opposite side of the trade can win when the trader in the underlying loses to both of them. However, I don't quite agree to the fair value part since market makers have inventory limits which are the dominant forces in the pricing process...
  20. M

    Modelling skew dependent on vol of vol

    The fun thing with options is the fact that basically two sides of the trade can be winners. While one guy is trading vs realized vol, the other guy trades vs other options and the next one builds a trade by taking the surface at market to bet on delta. So a fair priced surface doesn't exist...
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