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#699 - Where Can I Trade Options?: Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be answering the question, “Where can I trade options?” Now, I think the simple answer to this question is you can obviously trade...

#699 - Where Can I Trade Options?: Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be answering the question, “Where can I trade options?” Now, I think the simple answer to this question is you can obviously trade...

A partire dalThe "Daily Call" From Option Alpha


#699 - Where Can I Trade Options?: Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be answering the question, “Where can I trade options?” Now, I think the simple answer to this question is you can obviously trade...

A partire dalThe "Daily Call" From Option Alpha

valutazioni:
Lunghezza:
5 minuti
Pubblicato:
Aug 21, 2019
Formato:
Episodio podcast

Descrizione

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be answering the question, “Where can I trade options?” Now, I think the simple answer to this question is you can obviously trade options at pretty much any brokerage, but the more important question is what’s really happening in the market and where is the new shift in where you’re going to be trading happening because I think there’s a shift in brokerages and there’s going to be a major shift in business models in the brokerage and investing space in the next five to 10 years. In fact, we’re already starting to really see the beginning seeds of this shift start to occur with things like Robinhood. Even platforms like Option Alpha when we roll out our new auto-trading platform, you’ll start to see this shift start to split the entire industry into what I think are going to be two major fields. The first field or the first paradigm shift that we’re going to go into I think in the brokerage industry is just simply the ability to fill and manage transactions. In my opinion, I think Robinhood has already started this trajectory. Robinhood has broken into the space in a big way, made a big splash, but when you really look at what Robinhood does really, really well, it’s not a super fancy website, it’s not super fancy indicators, there’s not a lot of inside into what to do and how to do it, tools and technicals. Really, what Robinhood does well is order execution. They’re willing to invest in a platform that allows them to scale by offering free trading and some margin to basically cover the expenses. And so, that’s one side that I think many brokers are going to go towards. They’re going to start shifting more and more towards this free model of trading which is really focused on high execution, high frequency, lots of contracts, barebones platform, really just a mechanism by which you are to place a trade. But the other shift that we’re going to start to see and we’re going to start to see people branch off into these two categories is if they don’t go the Robinhood-ish side which is really focused on order execution, they’re going to start branching into technology. Now, like I’ve said before, the entire industry is going to be flat in five to 10 years. This idea that we’re not going to get more trading platforms like Robinhood that offer free trades is crazy. Everyone’s going to offer free trades in the future. It will be a standard operating procedure that it will cost you no money, no commissions to enter trades, option contracts, stocks, whatever. And so, when that happens, then you’re going to start to see the real platform start to develop that are solely focused on better technology to help you find, analyze, assess, make trades, automate trades and that technology and that side of it is going to become more crowd-sourced. You’re going to have this split I think in brokerages in the entire industry. One side focused purely on order execution, on just managing the regulatory side of the contracts and the other side is going to be tech-focused. And the tech-focused side based on new AI and new crowd-sourcing and crowd development and social networks around trading, that side is going to be what actually drives ideas. And then you can just filter your trade and make your trade anywhere, right? To me, it’s like going to the grocery store. Like if I want some milk, I can go anywhere to get milk. It doesn’t really matter. It’s going to be generally the same milk. But what brokerages are going to start doing is just become a very simple grocery store. They’re just going to be there to take your order, execute your trade and really not have anything else to give you because they have to keep all the cost low, so that they can offer free trades and free commissions. I think it’ll be interesting. I don’t know how it’s going to work out, but that’s how I see it. I think that there’s the split and it’s already starting t
Pubblicato:
Aug 21, 2019
Formato:
Episodio podcast