Boutique Options Shops Ponder Exit, Improvements as Opportunities Narrow

Options Conference Austin
Independent market makers have had a tough go lately in options, panelists told the Options Industry conference.

That speaker, Jon Schlossberg, CIO at Chicago-based prop shop Equitec Group, first built out an electronic market-making system for options in 2005. He explained the problem as it pertains to the ongoing debate and confusion around what constitutes high-frequency trading (HFT), likening the issue to an earlier, practical point made by Miracle on the Hudson pilot Chesley "Sully" Sullenberger, who provided the keynote address at the conference.

"I have my own [separate] desk that I trade, and in t