BOOM!
IB says uncle to making options markets.
Just hit the wire
IB says uncle to making options markets.
Just hit the wire
IB Quits options game!
- Thread starter SoesWasBetter
- Start date
Robert Morse
Sponsor
Can you post a link?
Amtd news feed not linkable
Wonder how the market takes this. Bullish, bearish, saw it coming?
A quote from the bbg article.
"Today retail order-flow is purchased by large order internalizers and joining them would represent a conflict we do not wish to have. On the other hand, providing liquidity to sophisticated, professional synthesizers of short-term fundamental, technical and big data is not a profitable activity."
"Today retail order-flow is purchased by large order internalizers and joining them would represent a conflict we do not wish to have. On the other hand, providing liquidity to sophisticated, professional synthesizers of short-term fundamental, technical and big data is not a profitable activity."
Is this the news that you are referring to?
http://www.zerohedge.com/article/why-be-market-maker-when-you-can-just-be-hft-scalper
It's really strange when I click on the link that says "tidbit by the WSJ" I reached a page that says "That article does not exist or is currently not available". And I searched over the Internet and there is no such information that says IB's quitting making market in options.
And I can't see why since their Timber Hill is making money from order flows AND get better market spread from making market unless they are afraid the regulators is finally cracking down them for the potential conflict of interest in trading against their clients.
Let's face it , IB made the big bucks when they had the big tech edge for decades.
That candy has left the station long ago.
That candy has left the station long ago.
Yep, Im referring to news from 2010. I have a real slow news feed. Hows Nixon doing?