Options Insider Radio Interviews

Options Insider Radio: Exploring the Mysteries of Margin with DTCC In this episode, Mark is joined by Ted Leveroni, Executive Director of Strategy at DTCC They discuss: Ted’s background in the financial industry What is DTCC? How does DTCC differ from OCC? The joint venture with Euroclear The complexities of movement of margin and collateral Improvements to the settlement process Margin questions And more

Mark Sebastian recently attended the CBOE Risk Management Conference and brought along an audio recorder. In this edition, he caught up with Ben Londergan, Executive Managing Director and Head of Options Trading and Technology at Convergex. They discuss: The landscape of the exchange space Fragmentation of liquidity, and the resulting quotes Navigating the best execution landscape for their customers How does the market fragmentation impact liquidity providers The death of trading floors Balancing great customer service and a good price

Options Insider Interviews: Catching Up with Andy Nybo Mark Sebastian recently attended the CBOE Risk Management Conference and brought along an audio recorder. Here’s his interview with Andy Nybo Head of Derivatives at the TABB Group. They discuss: Where is liquidity going? Where are the weaknesses in liquidity? Multiple exchanges and two models Does fragmentation help retail traders? Are asset managers less commission sensitive than before? What else do they see coming? Is there an appetite for a weekly VIX contract? And more…

In this episode of Options Insider Radio Special Events, we sent Mark Sebastian on assignment to the CBOE’s 31st annual Risk Management Conference. He took an audio recorder with him and interviews ensued. This one is with Jason Ferrell, Managing Director at Gateway Partners. They discussed: What is Gateway Partners? What causes a red flag between the trading desk and the risk desk? How have regulatory changes impacted their work? What products produce the most need for their help? What he thinks will drive business going forward

Mark Sebastian was at the CBOE’s Risk Management Conference and he brought an audio recorder. Today’s feature is a discussion with Berlinda Liu, Director of Research & Development at S&P Dow Jones Indexes. They discuss: Parallel versus twisting moves in volatility futures Possible reasons for a move towards parallel shifts The S&P 500

In this episode, Mark is joined by Steve Crutchfield, Head of U.S. Options at NYSE. They discuss: The integration with ICE from an options perspective ICE Chat: message-based order tickets and execution Fragmentation of liquidity in the options space Penny pilot program: is it time to retire it? Technological failures: are they related to fragmentation? When do the benefits outweigh the risks for adding new trading venues The little-discussed aspects of Flash Boys The reasons mini options are failing

Options Insider Radio: A Year in the Life at BATS In this episode, Mark is joined by Jeromee Johnson, Vice President of Market Development and Head of Options at the BATS Exchange. They discuss: A year in the life of the BATS Exchange BATS + Direct Edge Where are growth opportunities? Will there be a second BATS options exchange? Complexity and fragmentation, and the consequences thereof What happens if exchanges offered different levels of pricing? Flash Boys and the myriad mentions of the BATS Exchange And much, much more

Options Insider Radio: Talking When to Trade, and When Not to, with Hedgeable In this episode, Mark is joined by Mike Kane, co-founder of Hedgeable. They discuss: What is Hedgeable? What sets them apart? The perception of options Their reactive approach to the market Capturing the upside, avoiding the downside How they use no market timing or predictions Their programs for customers Who are their clients, and where are they coming from? And more…

In this episode, Mark is joined by Joy Rosenstein, Derivatives Business Development Manager at Fidessa. They discuss: The latest developments at Fidessa Automation of trading systems The Fragulator Migratory order flow and fee schedules Retail trading platforms SEFs and the swaps space Joy's take on Flash Boys And more

In this episode, Mark is joined by Dan Sacks from Actant. They discuss: What is Actant? Who uses it? The value-added services Actant provides What is top of mind for new Actant clients? Regulatory initiatives, risk management, and the race to zero Cost effective order flow routing The partnership with LiquidPoint And more

Options Insider Radio: Talking Vega Blocks, Complex Spreads and Delta Hedges with Flextrade In this episode, Mark is joined by Rob Brougan, Vice President of option sales at FlexTrade. They discuss: What FlexTrade does, and who their clients are Their volatility-oriented products How customers are using their vol products Rob’s reaction to Flash Boys Mini options and the lack of adoption What’s on Rob’s radar? And more

Options Insider Radio: Talking Spreads, Cancel Fees, and the Death of Minis with ISE In this episode, Mark is joined by Gary Katz, CEO of ISE. They discuss: The addition of Gemini to the ISE family The unintended consequences of market expansion What happens when technology fails? Technology’s impact on spread orders Flash Boys The history of payment for order flow Mini options And more…

Options Insider Radio: The Secretive World of Options Symbology In this episode, Mark is joined by Lee Clifford, Owner & President of Symbol Master, and Mark Woolfenden, Managing Director of FOW Trade Data. They discuss: What is Symbol Master and FOW Trade Data? How they create a clean data feed Who are their clients? Determining the impact of corporate actions on symbology Multiple exchanges, OPRA feed, and futures symbols Technology failures And more…

Options Insider Radio: Talking Tools, Tech and Idea Generation with Tradelegs In this episode, Mark is joined by Gideon Agar, the CEO of Tradelegs. They discuss: Tradelegs background Who uses Tradelegs Idea generation Trading tools Their work with CBOE The demystification of options And more…

Options Insider Radio: Tables Are Turned on Brian Overby In this episode, the host becomes the guest as Mark is joined by Brian Overby, host of Options Playbook Radio, who also happens to be Trade King’s Senior Options Analyst. They discuss: The Zecco merger Fostering the Trade King community Brian’s take on Flash Boys Failure of mini options to take off Fragmentation of liquidity And more...

Options Insider Radio: Talking Jumbos, Minis and HFT with BOX In this episode, Mark is joined by by Ed Boyle, Executive Vice President of Strategy at the BOX Exchange. They discuss: Technology updates at BOX Consequences of the fragmentation of the market Jumbo SPY Minis reducing efficiency And more…

Options Insider Radio: More Flash Boys, Market Fairness, and the Nth Exchange with Tony Saliba In this episode, Mark is joined by Tony Saliba, Executive Managing Director of ConvergEx Group and CEO of Liquidpoint. They discuss:   More Flash Boys Financial interests in options markets The Nth Exchange and more...

Options Insider Radio: Talking Pennies, Payment and Flash Boys with Tony Saliba In this episode, Mark is joined by Tony Saliba, Executive Managing Director of ConvergEx Group and CEO of Liquidpoint. They discuss: Their algorithm which optimizes where complex orders are sent Exchanges, spread books, and fragmentations Should exchanges be required to provide kill switches? Getting rid of penny-wide spreads Tony’s opinion on Flash Boys

OIC 2014: A Deep Dive into the State of the Industry with Andy Nybo Mark is joined by Andy Nybo, Head of Derivatives Research at TABB Group. They discuss: The use of U.S. listed options by European investors Growing demand for ETF options The insatiable appetite for VIX The state of the industry, including rising volumes, muted uptick in vol, and mini options Pending AAPL split Market structure And more…

Options Insider Radio: Talking Cool Tech, Failed Products and Flash Boys with TD Ameritrade  In this episode, Mark is joined by Paul Jiganti, Managing Director of Market Structure and Client Advocacy at TD Ameritrade. They discuss: TD tools for buy-writes TD and TOS becoming the platform of choice for investors Tools for advisors The double-edged sword of fragmentation Retail customers aren’t concerned about market structure The criticisms from Flash Boys The idea of a retail-only exchange Failed retail-oriented products And more…