Here you go, 3d quarter results is in, as I expected. Timbar hill had its best quarter since 4th quarter of 2008 (lot of auto liquidations. ha?), Timar hills profit was 55% of all the profits in Q3.Quote from jayre:
Ok, it was just spaculation on my part (I WANT TO SEE THIER 3 QUARTER RESULTS, if market making will beat brokerage for the quarter, if yes it will be a red flag in my eyes).
The other option is that these people are just STUPID and have no clue about their costumers concerns, they could have given a 1 month notice without any risk.
Definetly a gift to market mrakets, they buy everything from your account on a fire sale (you have to buy your shorts at the ask price, and sell your longs at the bid price).Quote from Options12:
About those auto liquidations that surge with the kind of volatility we saw in Q3 . . .
Are the algorithms used to execute the liquidated trades simply a gift to market makers or are these computers fulfilling Best Execution obligations?