Best Options Exchange (Poll)

[Hoi]

Quote from luh3417:

Hoi: Intriguing. Do any of the direct access brokers reviewed at elite trader give us access to LIFFE-FTA or KOSPI?
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Yes IB...but you have to be a non-USA inhabitant..(because the SEC does not allow it....just another strange-rule...{only serves the income of the USA marketmakers}).

luckily I'm Dutch...

 

[luh3417]

Its the "golden rule"... The people with the gold make the rules!

I'm a US citizen but residing in Asia. I'll see if that is acceptable to the market makers and the SEC...

 

[Hoi]

Then I would try KOSPI (Korea)...it's the biggest on the Globe.

 

[def]

Quote from Hoi:

THAT list is not complete, and shows only the worst Options-exchanges in the world....

For the best Options exchanges you have to go out-side America...look at LIFFE-FTA (Amsterdam-model) and KOSPI....that are the best exchanges a trader can dream of... No protective MarkerMaker models...No request-for-quotes...no empty screens...etc, etc.

Maybe sometime in future, the American-exchanges implement the Amsterdam-model as well...but I doubt it will be soon (the MarketMarkers will not allow it).

Hoi, just to set the record straight.... Kospi does great volumes but there model is far from the best. Volume is heavily concentrated in the front month - even on expiry day. There are rules on how you place/update order which in the end prevents liquid markets longer term and in the past, not all participants had equal access. The lack of RFQ is fine when a market is liquid, however, they have failed miserably without a market maker model or incentives in the equity stock options and other products where the screens are completely blank.

Hong Kong and Australian equities have a good model. Yes, they have market makers but they have no protection. All a market maker gets is fee incentives and some additional throughput in return for responding an placing continuous quotes on the screen. Pricing is based on price time priority.

 

[Hoi]

Quote from def:

Hoi, just to set the record straight.... Kospi does great volumes but there model is far from the best. .

Ahh...thank you for the correction...and good to hear that HongKong and Australia are ok...

I must admit I have my info about Kospi mostly from "hearsay"...I did some test trades on the Kospi-front-month and they traded like a Futures-market (so really well)...but did not look at the other months.

About LIFFE-FTA..I'm very sure it works really great, and because it is such a big success, they will roll out the Amsterdam-model to the other EURONEXT-markets (like France) soon.