Quote from Rationalize:
To be clear, the IB / Timber Hill relationship does not bother me.
While I would prefer to be transacting with naive customer flow, hitting Timberland occasionally is OK, if I need to get something done.
Bottom line - the liquidity provided is worth it, and there appears to be price improvement.
That's not a bad thing by any means.
p.s. hey tiger -- sounds like you're also punting vol ;o)