IB Quits options game!

HobbyTrading said:
What category of customers is meant by "wholesale retail clients"?
More...

not you :) hahaa

It probably means they want to do market making deals direct with smaller hedgefunds, family offices with decent advanced systems and very large traders... so not brokerage, but give direct sharp quotes where the client can trade on without the flow to be broken up to multiple MM's.

We used to do that... we had an exclusive deal with a private client that did huge trades... was awesome...
 
HobbyTrading said:
@JackRab hahaa, indeed, not me.
The words wholesale and retail sounded contradictory to me. Thank you for your clarification what kind of firms they mean by that.
More...

I think they just came up with that naming. Somewhat like a in between segment... retail client that is large enough to be accessing the wholesale market....
 
Robert Morse said:
I've not heard that term before, but I expect that is where you offer payment for order flow (PFOF) as a MM on an exchange as the designated market maker (DMM) . The broker gets a payment for the flow and the DMM gets order flow to trade on.
More...
Either that, or someone in a marketing or PR department had to come up with an important looking press release. And started to be creative with words, without re-using the words which are already included in the bull$hit bingo.
 
Timberhill's 6/30/2017 position filing shows their aggregate open interest has been reduced dramatically. Their 13F filing is too big to post here, but it's all over the internet if you want to view it. Posted to the SEC site showing an 08/09/17 date. So it kind of looks like they have wound down MM activity or are close.
 
You must log in or register to reply here.
Back
Top