Insights
Blazing a new Consolidated Audit Trail
Latest CFD bans threaten listed products
T+1: The case for one-day settlement in Europe
How to bring APAC’s equity options markets to life
A new playbook for Europe’s capital markets
Market structure
-
SeriesMarket structure Mass cancellations and purge ports
Mass cancellation messages, especially when used in combination with purge ports, are one of the simplest and most effective forms of liquidity protection.
Learn more -
Market structure
-
Market structure
-
Market structure
Latest
Regulation
-
Market regulation Blazing a new Consolidated Audit Trail
Restructuring the CAT in a way that is sustainable, cost efficient and practical.
Learn more -
Market regulation Latest CFD bans threaten listed products
Recent CFD regulations in Germany and Spain are conflating contracts-for-difference with instruments like futures and options.
Learn more -
Market regulation A new playbook for Europe’s capital markets
We propose a new playbook for turning Europe’s capital markets into a healthier place.
Learn more -
Market regulation, Regulatory comments and consultations SEC comment letter: order competition rule
Optiver comments on the SEC’s proposed order competition rule.
Learn more -
Market regulation, Regulatory comments and consultations SEC comment letter: amendments to regulation NMS
Optiver comments on the SEC’s proposed amendments to Regulation NMS.
Learn more -
Market regulation CSDR: promising signs from the new settlement discipline regime
Cash penalties introduced under the Settlement Discipline Regime (SDR) are working, early data and anecdotal evidence show. With market participants already incentivized to get their post-trade in order, mandatory buy-ins could introduce fresh risks into the process.
Learn more -
Market regulation A better way to measure best execution
Regulators have suspended RTS 27 reporting and are considering scrapping the requirement to produce RTS 27 and RTS 28 reports altogether. These reports are designed to show the extent to which investors in the U.K. and EU receive best execution for their trades, and they do have some issues in their current form. Instead of scrapping them altogether however, we advocate for making them more useful and less cumbersome to produce.
Learn more -
Market regulation Portfolio compression in centrally cleared markets
Portfolio compression is a post-trade balance sheet reduction technique in which two or more counterparties terminate some (or all) of their open interest in derivative contracts, simplifying the management of positions. This frees up valuable capital that would otherwise be held unnecessarily against offsetting positions that could be compressed. The end goal of compression is a cleaner portfolio, with less complexity and enhanced capital efficiencies, allowing for healthier and safer derivative markets.
Learn more
Market views
-
Market views Volatility views: Banking stress raises potential for volatile Fed decision
Recent market turmoil has options traders anticipating significant swings around the March 22 FOMC statement.
Learn more -
Market views
-
Market views
-
Market views
Latest
Explainers
Read our thought leadership pieces, industry news, market structure insights and more.
-
Explainers Central clearing: an essential post-trade function
Explore the basics of central clearing and learn why it’s an important piece of the financial markets.
Learn more -
Explainers Orders and the order book
Orders are the building blocks of some of trading’s most important concepts.
Learn more -
Explainers How today’s stock markets work
Beginning with an order, all the way through to clearing and settlement, here’s what you need to know about how billions of shares change hands every day.
Learn more -
Explainers A guide to how the European Union makes financial laws
It can take years for proposed rules to become law in the European Union. Here’s our step-by-step guide to how it happens.
Learn more -
Explainers 5 things you should know about: market-wide circuit breakers
Market-wide circuit breakers are triggered by rapid and extreme price declines in the S&P 500 Index, a widely-followed benchmark for US equities.
Learn more -
Explainers An illustrated guide to price controls on US exchanges
Well-designed price controls are key in our view to preserving orderly and efficient markets. Given their complexity, we present this overview of the various mechanisms in place across U.S. exchanges.
Learn more -
SeriesExplainers Call options
What do long/short positions in call options mean? An investor that buys call options benefits when the price of the underlying asset is higher than the strike price of the option at expiry. The writer of the call option has the opposite pay-off potential and receives a fixed option premium when they sell the contract.
Learn more -
Series
Explainers Put options
An investor that buys put options benefits from this position when the price of the underlying asset is lower than the strike price of the option at expiry. Conversely, if at expiry the price of the underlying asset is higher than the strike price, the option expires with no intrinsic value and the investor’s loss is equal to the option premium paid.
Learn more -
SeriesExplainers Options strategies (protective put & covered call)
Besides buying or selling single options, there are many other possible strategies that involve positions in multiple options simultaneously, as well as combining options with positions in the underlying assets.
Learn more -
Series
Explainers Options strategies (protective collar)
Besides buying or selling single options, there are many other possible strategies that involve positions in multiple options simultaneously, as well as combining options with positions in the underlying assets.
Learn more
All Insights
Optiver on Twitter
;
We believe the Consolidated Audit Trail is a useful tool for regulators to evaluate #equity and #options markets. But agreement on its most foundational measures remains elusive. In our latest Insight, we give our recommendations for improving the #CAT.
Blazing a new Consolidated Audit Trail - Optiver
Restructuring the CAT in a way that is sustainable, cost efficient and practical.
optiver.com
The TRADE is delighted to launch a new buy-side survey in partnership with @OptiverGlobal exploring cash-equity trading and market structure in Europe. We would be grateful if could take a few minutes to complete this survey using the following link: https://tinyurl.com/bdd2p2ry
In a significant milestone for Optiver, we've become the first market maker admitted to the Plato Partnership. Click below to learn why we're excited to join this distinguished group seeking creative solutions for today's #equity markets.
@PlatoMarkets
Optiver joins Plato Partnership as a Sell-Side member — Plato Partnership
Plato Partnership has admitted Optiver as a sell-side member. This marks a significant milestone for Plato, as well ...
www.platopartnership.com