Peak6 Says Trading Floor Closures Hurt S&P Product Liquidity
- Volume shifted to options on SPY ETFs from e-minis, Shah says
- It’s harder for brokers to source liquidity without pit: Peak6
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The closure of U.S. trading floors has taken some liquidity out of the options market, according to Peak6 Investments LLC.
It has become more difficult to trade options on certain S&P 500 products, said Neel Shah, a senior trader at the options trading firm. Some of the volume has migrated to the all-electronic SPDR S&P 500 ETF Trust.