Show notes
In Episode 47, the first of a special, two-part series, we dive into market structure with Andrew Schultz, Head of Strategic Options Business at Susquehanna International Group. We are also joined by Mett Kinak, Global Head of Equity Trading at T. Rowe Price. Together, we discuss the nuances of options trading, as well as the mechanics of auctions for retail orders. Auctions is a hot topic in equities market structure, especially given SEC Chair Gary Gensler's recent comments on options auctions and order competition. In the second part of this series, we will analyze Gensler's remarks at the Piper Sandler Global Exchange Conference, including his high-level plans for equity market structure reform.Chapter Headings 2:50 - What is Driving Growth in Options Volumes?9:30 - Key Differences in Options vs. Equity Market Structures15:10 - Retail Auctions in Options: How Does it Work?25:00 - Key Options Terms, and What They Mean29:58 - The Best Execution in Options34:41 - Recent Improvements and Next StepsDisclaimer For relevant disclosures, visit https://www.tdsecurities.com/ca/en/tds-bidout-episode-47