Quote from stock777:
Says actual realized vol was less than implied which squeezed profits some.
Should be better this 1/4 when the system collapses and Vix is around 90
No it doesn't.
VIX at 90? Riiiight. We're not privy to their vega-exposure. Path-dependency has a lot to do with their returns on gamma, but none of us know their absolute $exposures. I can't think of any bank/broker/MM who produced a 58% income gain, YoY.
Electronic market maker and broker Interactive Brokers Group Inc. said Friday its second-quarter earnings rose 58 percent due to an increase in trading gains, but it fell short of analysts' expectations.