(I typed a pretty long answer, and for some reason, it didn't show up, but' regardless, let me try again).
Over the years we have adapted to where the $$profit potential was, as we saw it (first options, then futures, then both, then back to equities). We "lead by example" - with all of our equities strategies.
That being said, we have at least doubled the percentage of Nasdaq trading we do over the last couple of years.
And, our traders may trade options and futures...all we ask is that they chat with us a bit about their plans....pretty fair don't you think?
We have become "kinder and gentler" to other markets, primarily due to the "marketing" from the exchanges pushing their products. We find, most of the time, that the options guys are using the same or similar strategies that worked when Bob and I were on the options floors decades ago, but a few of these techniques may still work.
Overall, we do our best to protect our traders from themselves, and point them (by example) to what is working currently.
"Adapt or Die" as they say.
Don
