Exotics (binary digitals) spread at big banks is...?

Quote from drownpruf:

Binaries are discrete vanilla verticals, so trade listed products. Trade OTC what can't be replicated easily, like DNTs. A 47x53 market is actually acceptable. Consider the market in a similar call or put spread. You're going to pay three or four cents on an SPY vertical.
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Thanks drownpruf! I am considering this; or rather, after newwurldmn's + Martinghoul's insights into the institutional space, I will have to consider this! :)

SPY options' liquidity is indeed a boon.
 
Quote from TigerBalm:

Thanks drownpruf! I am considering this; or rather, after newwurldmn's + Martinghoul's insights into the institutional space, I will have to consider this! :)

SPY options' liquidity is indeed a boon.
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UBS is only slightly inside that 47x53 indication, so it's really not bad. You should only be trading digitals on a minute or daily basis, as a weekly exchange listed vertical will generally be tighter than OTC.

be warned that cantor's entry is very new and there is no size yet. I cannot see any algo markets (Cantor as counter-party) so it may not be viable. I am wiring some cash in this week and will let you know. The granularity is from 5-minute to 24H.

Here's the daily activity report. Almost nothing traded. I don't know how they think they'll get it off the ground w/o Cantor making mkts:

http://www.cantorexchange.com/PDFs/EOD/20130829.aspx
 
Quote from drownpruf:

Binaries are discrete vanilla verticals, so trade listed products. Trade OTC what can't be replicated easily, like DNTs. A 47x53 market is actually acceptable. Consider the market in a similar call or put spread. You're going to pay three or four cents on an SPY vertical.

Cantor recently received approval and rolled-out their binaries on EURUSD, GBPUSD and USDJPY. cantorexchange.com
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glad you are back!:)
 
Quote from kinggyppo:

glad you are back!:)
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Now he just has to show some restrain and not get caught up in the moment. Maybe count to 10 and let things cool off before he replies to a post. :)
 
Quote from FXforex:

Now he just has to show some restrain and not get caught up in the moment. Maybe count to 10 and let things cool off before he replies to a post. :)
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Shopster, I am going to turn you into a hand-puppet, you geriatric piece of shit. I have no idea who you are, other than some sick phuck who threatens children. I am going to be on your ass like white on rice. I am not going to let-up until you're in prison or euthanized.
 
Quote from drownpruf:

Shopster, I am going to turn you into a hand-puppet, you geriatric piece of shit. .....
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I'm not Shopster, mods can confirm that if you like. :)

Quote from drownpruf:

..... I have no idea who you are, other than some sick phuck who threatens children. I am going to be on your ass like white on rice. I am not going to let-up until you're in prison or euthanized.
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Jack_Larkin cleared that up already and I'm sure he PM'd you about his error, he deleted his post explaining the mix up. And the mods can also confirm that I do not use the PM feature - Ever. :)
 
Quote from newwurldmn:If you have to ask here its a closed option to you.
You will need a relationship and an isda. Or at least a private client account and the willingness to trade 2-5mm notional per trade on a buy and hold basis.
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Clearly no daytrading for OTC options.
What's the shortest time frame an ibank willl allow you to "buy and hold"? Thanks in advance.
 
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