Yes but delta-hedged calls (or puts) have the same exposure as delta neutral straddles. You can use whatever futures available, just take...
It's about rebates on exchange fees, nothing to do with tax. ASX charges less if you are a MM.
Sounds like you're in Oz :)
I doubt so, the same guys do programming for Excel usually. A rare trader is able to put together such a complex spreadsheet on his own. Yep,...
Exactly the same. When I learned how one of the biggest european banks update its quotes I was a bit shocked. They fit vol curve in Excel and send...
ATM Calls delta hedged with futures are synthetic straddles. So you might consider trading straddles instead.
Sure, most of them can't be bothered about PMM role. Doing some MM stuff only to collect rebates to fund index arb. What's the difference in...
Both sides of a trade are done on exchange by a broker.
I have difficulty in defining what near free is for a retail trader. Every trader is different. How would you price it?
In asian markets MMs have to win the trades by being fast because brokers place retail orders on exchange. So if you are slow you don't get any...
Well, in asian markets a PMM can make 30% of all the market volume. A PMM usually trades broker markets (i.e. dark pools) as well. Don't know much...
What's AMM? If you mean some sort of a Primary Market Maker (PMM) then they are not using these platforms. You can't compete using Orc against...
You don't have to close it. It's safe to hold it through expiration unless the stock is near one of the legs thus you could be exposed to pin...
You can't do a cancel and then replace, it's a single message called CancelReplace which amends an order. What 1245 meant I guess is that you will...
What should be minimum cost for such solution, roughly? Is it possible to get something working below $1000/month? Did not know about...
What are advanced/professional volatility trading software packages? By advanced/professional I mean that you can parametrize models for...
Exactly. There are other reasons why someone would trade wider spreads but in the context of this discussion it's just more credit in exchange for...
On the second thought, if your underlying pays dividends then using spot does not make sense. Just use forward price with Black model, it's safer.
Yes it does. But if you back out the spot price using only one strike the price will be too inaccurate. The common practice is using all the...
Well it does only if you don't adjust the ratio (by closing shorts or buying longs or both). If you do adjust then it's a completely different...
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