So glad to find this podcast, I’m still enjoying the ones from a few years ago. Keep up the good work

29:30 is the short answer everyone is looking for with an example.

Amazing interview brother… makes me think twice how I’m buying and selling options now!

Wow, great questions and a great guest with an interesting point of view. Thank you for the amazing work you do!

Such an insightful interview.... Thanks AARON

It's nice to listen to highly intelligent people like you two. Thanks for sharing with us!

Aaron hits it out the park again! Bravo!

Arron, great content ; this was very inciteful!

Great stuff. Thx guys!

Mind blowing mate thank you.

Insightful discussions!

Great inside on the other side of the trade aka the market makers

I'd love to hear an interview with someone who was on the other side of the AMC squeeze

Very spot on questions from Aaron and astonishingly accurate answers from Erik. Loved the interview, great work 👍🏻

I find it interesting that Erik Swanson of Simplex wasn't asked about the DOJ investigation that specifically targeted Simplex & others regarding the Gamestop situation. You should've also asked Erik how much money was stolen from retail traders when clearing houses & market makers removed the buy button but ONLY for retail; institutions were allowed to continue trading while retail had free market capitalism stopped to allow recidivist Wall St institutions to steal.

thank you Aaron...your content has been such a blessing in my life!!

@jaysteve4442

2 жыл бұрын

Bro calm down

@joemama3372

2 жыл бұрын

@@jaysteve4442 Bro calm down

Great interview

Wow that's great Hope for more soon

Good General 1. Marketing Making / Market Dynamics

Excellent interview.

Great questions, Mr Fifield...

Much Love

It's an awesome video

Thanks for its bro

What does "Key-fov eligible orders" mean, in regarding to 606?

Great interview Aaron. Are there any interviews with equities Market Makers?

Erik, can you please ask the CME to provide Daily expiration of MES options, that would be amazing.

43:40 slip of the tongue there... I think your first description was correct. "Price improvement SCHEME..."

Would be interested in an equities market maker interview.

Bernie madoff is the one who came up with the concept of payment for oder flow. So that should tell you why everyone is jumping on that ride.

Imterview was great but the questions asked by host were very beginner regarding options & market making, I would have loved if he would asked him some very insightful questions.

A market maker can basically take the opposite side and stop the option reaching the strike price. They would have to have an aggregate position so although some might win, most would lose. Market maker would have far more funds than a retail investor,

Finally ⚡

How is someone buying and selling stock with no opinion on the underlying; pricing the asset properly?

@kurtleimkuehler

Жыл бұрын

There is too much liquidity in USA markets is why rapid swings?

Great video, I pushed like button, however, this video misses one super MEGAFUCKING IMPORTANT THING: how simplex and their peers calculate IV. I wasn't expecting a full answer, but at least a question, so it was a huge miss :( Anyway, the video doesn't talk about anything too much unknown, however, everything is very well structured for the ears who wasn't aware of what was happening on another end.

@joemama3372

2 жыл бұрын

Each company has their unique way to calculate IV. Even Think or Swim won't share how they calculate their Weekly Expected Move.

@Ishvires

2 жыл бұрын

@@joemama3372 You can extract IV out of option price, but the my question is still outstanding

@joemama3372

2 жыл бұрын

@@Ishvires I hear you, and you can get it this way, but I've found different companies get it their own ways, for their own risk management, and it's secret. Asking them how they calculate IV is the equivalent of asking them to share how they calculate risk, or asking an insurance company, how they calculate insurance premium risk.

This guy sounds like Preston Jacobs.

Draco to the moon! $100 in 1 year

Aaron

Erik is hiding a lot of information. He doesn't want retail traders to know all the secrets on the other side of the fence. Good intro to what market maker does but not great enough...

@joemama3372

2 жыл бұрын

Listening, 21:08 is gold. Never heard this before.

@joemama3372

2 жыл бұрын

kzread.infovideos Dean Tinney, oustanding future interview canidate.. Lots of history and funny stories..

@joemama3372

2 жыл бұрын

36:22 is also gold. Are you listening to the same podcast as me?

@joemama3372

2 жыл бұрын

39:28 is gold too.

@Ishvires

2 жыл бұрын

Yes Ken, he was hiding a lot of info, its good to know that I wasn't the only one who spotted this. You have to understand that he doesn't care about retailers, but he worries about regulators/competitors to not say things which could somehow in one way or another could have a collateral damage and given the fact this guy is from option mm house, this is completely understandable.

Honestly I am wondering why I'm listening to this, this guy is the CEO and as such he WOULD NEVER say anything that would hurt the business and make them less successful which is why he's so great at sounding smart using a lot of words to say NOTHING.

@andrew1919

2 жыл бұрын

He actually is a really honest dude and eluded to the negatives of High frequency trading if you actually payed attention. You gotta listen closely baby boy

@alanv3185

2 жыл бұрын

​@@andrew1919 If you don't hand things to people on a silver platter nowadays, apparently you're useless.

@ball-is-life6477

2 жыл бұрын

Did you even listen to the whole thing?

he was trying SO HARD NOT to give any useful thing resembling an edge

@DavidCarmonaUX

2 жыл бұрын

they had epic puts on GME, and wondering how they are working in that market, or if the are subject to our market makers.

@gotseoul123

2 жыл бұрын

Lol why would any successful trader give away edge that you worked hard to find? Qyit following the crowd and just find your niche and kill it quietly.

HFT MARKET MAKER !!!

The moral of this story is that you should not trade options. You will lose money long term because you are on the other side of the casino.

@trixy8669

2 жыл бұрын

That's dumb

@uniqueurl

2 жыл бұрын

Not fully true. The real fact is that, options should be your last resort !!. Before stepping into options, you should make sure , you are a pro already. If not, you will blow up what's left..

@gotseoul123

2 жыл бұрын

Too bad 95% of "traders" don't have any real edge trading just buying calls on trash names.

@Victor-kq5ti

Жыл бұрын

Ok, if you say so

Erik has a bit of a meat head like his brother Joe Swanson on family guy lol Loved the discussion!

Our actual humans?? Wtf

@ellalope376

2 жыл бұрын

get Fred on

@ellalope376

2 жыл бұрын

>Fredeugene👊🏻 Te le gra m,.......≤.

@lizwest8814

2 жыл бұрын

17.007 BTC in less than 8 months of trading with His strategy works.

@Ben-dx8bt

2 жыл бұрын

A lot has changed and that's on everything but the truth is i don't even care much about bullish or bearish market because Fred got me cover as I am comfortably making 3.001B T C monthly.

@tradingcomparisons6591

Жыл бұрын

You scammers are so obvious

Think about your brokers all of them are MM's. I dare say in most cases they are trading against you. Unfortunately they also use dirty tricks to take your money but what Erik is doing is quit different.

@ragimundvonwallat8961

2 жыл бұрын

global prime isint a market maker

@BatmanRZ

2 жыл бұрын

@@ragimundvonwallat8961 they are, read there pds

There's a former market maker on a youtube channel called "Confessions of a market maker".. I think it would be much better to talk to someone who isn't in the business anymore, who will be willing to tell us the dirty stuff that really goes on. I found this episode way too technical. Most retail traders don't care about all this. We care about market manipulation

@MattTradesLife

2 жыл бұрын

I listen to that podcast you mentioned all the time. That guys stories are insane...

@tinashegwatiringa98

2 жыл бұрын

@@Josh-Jones don't generalise what I meant by too technical. Knowing what gamma and delta means won't improve my trading. But knowing the way warrants are executed and the way market makers are involved in that, will. Stop sounding like a "typical" jackass know it all and get your head out your ass

@valleyautodiagnostics

2 жыл бұрын

@@MattTradesLife Yes JJ The Gorilla insightful information are unreal. I'm a member in their trading group only $40/ month. Every day he holds a live market analysis and blow my mind with information what i guarantee you nobody ever talking about in any video or book!! To learning from someone like him worth every dime!Forgot the media they never tell you the truth what's really going on

@gotseoul123

2 жыл бұрын

"We care about market manipulation but don't understand BASIC market structure, BASIC short selling, HARD skills in trading flow, anything like that"

@gotseoul123

2 жыл бұрын

Keep your day job bud. You're not cut out for this game. Why care about manipulation that's ALL around you in equities. People you will never meet, never know their intentions, never know their true positioning directional or not. Please stop this witch hunt. Citadel and the likes are laughing their asses off at retail players like you. There's a reason It's called dumb money and has been for decades.

What? ..... traders edge is better risk reward.....

Didn't appreciate how Erik is hiding a lot of stuff.

Man I must say I find it hard ta trust anything he saying lol

Market makers are crooked

Take my puts. Enjoy the loss.

Nothing of value in this video. Prove me wrong

@sommi888

Жыл бұрын

just listened to it, and yes youre right. all these quant / algo fuckwits are pure scum and vultures . especially these scum that get order flow from retailers . its like the casino got angry because they couldnt steal your bank account directly, so they keep rigging the game in their own favour

What a waste of 20 minutes of my life. The host don't want to pry n ask the market maker real important questions. And the MM answering basic questions like politicians. Don't waste ur time to watch this rubbish

market makers are concerned with providing liquidity and stability. Not a 10-bagger. This isn't the kind of options trader most listeners of the podcast are after. Put another way: listeners here absolutely do NOT trade this way.

@gotseoul123

2 жыл бұрын

Specialists and designated market makers are designed that way my friend. Not all MMs are designated and some are more predatory than others. It's not black and white lol.

@gotseoul123

2 жыл бұрын

And I scalp flow on the Dom that's it. That's more akin to index arbitrage or market making than anything else. Position holding usually a few seconds or a few minutes.