IB Quits options game!

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."

Can't believe options is traded like retail forex. So what are all those central exchanges for?
 
Can't believe options is traded like retail forex. So what are all those central exchanges for?

Pretty "easy" for regulators to mandate direct exchange submission with no middlemen but said regulators are already owned.
 
They're talking about Timber Hill? That's a pretty big deal, no?

I can't see how it doesn't affect options liquidity. Timber Hill was a pretty big firm if I recall. Maybe things have changed. If they aren't earning then it's probable others aren't either.
 
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