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Thanks. It’s not really a philosophical question because inefficiencies in an otherwise very efficient market are oftentimes mean hidden dangers. I am sure you know what you are doing, but I was just curious if you could tell the difference between the two situations.

Would you mind sharing where do you think this edge comes from? In other words, who’s creating these inefficiencies you are exploiting? I was under impression that options are very efficiently priced and by the brightest firms. Ate you competing against them or do you find yourself joining them...

I don’t think you understood what I suggested, but you got an attitude, so I am out.

I don’t see how you can accomplish your goal without having level2 data, Colo, and fast DMA. Maybe best bet is to find a broker that allows you to use algos provided by the exchanges plus dark pools. You can’t have SOR without good full depth data, imho.

Hi, is there a trade management on these plays?

Nice!

Lol, I think we are safe. I do believe that transparency is good for all participants. If people cannot get a definitive answer to a simple question that OP posted, that is a problem! It’s our industry, let’s make it better.

I don’t think you can read about any of this for obvious reasons. Below is very informative interview which touches on the issue of PFOF in options. Just to make it clear, I am not saying that MMs are evil strategy stealing manipulators. I am just saying that they need to protect themselves...

Basically orders which make it hard for MMs to make money on. MMs still have best execution obligations and don’t want to trade against someone with some advantage be it informational or technological. They want all “dumb” money, none “smart” money.

@Overnight , it’s not about being paranoid or about complaining, it’s about fairness and transparency. I don’t know for a fact what, if any, info is shared, but I know for a fact that if your flow is toxic, your orders will be eventually segregated. Of course if you are using your friendly...

I think they do look at charts, at least as trend/sentiment indicator. What do you base your trading decisions on?

That’s not what he’s saying though. He is saying that your experience helps you “read chart” in a profitable way(subconsciously perhaps). There’s way more to your edge than just chart pattern. But you seem to disagree.

Do you ever wander if "all that information on the chart" is only visible to you after years of accumulating everything that @MrMuppet said? Like @Scataphagos always says "KISS" but it probably took him a decade to get to that.

Is that a fact or an option?

I agree with several posters above who said that you need to know what to look for ahead of time: aka letting the trade come to you. A simple example would be: If we open above yesterday’s high and the price pulls back to yesterday high, I will go long risking half of yesterday’s ATR. These...

Lol, for sure, one can wrap anything in TA and it will look very convincing I actually have a trade on that will benefit if your prognostications com true :)

Yes, I would use that for ease. I use C++ and decided to implement a stripped down FIX engine to integrate with the rest of my framework.

I think they offer pure FIX as well - without a wrapper.

So what PFOF is about then?

He asked “broker to MMs”