Markets

Options Market Structure and the Mechanics of Retail Auctions in Options Trading

July 22, 2022

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.


Headshot of Peter Haynes


Managing Director and Head of Index and Market Structure Research, TD Securities

Headshot of Peter Haynes


Managing Director and Head of Index and Market Structure Research, TD Securities

Headshot of Peter Haynes


Managing Director and Head of Index and Market Structure Research, TD Securities

Photo of Andrew Schultz


Head of Strategic Options Business, Susquehanna International Group

Photo of Andrew Schultz


Head of Strategic Options Business, Susquehanna International Group

Photo of Andrew Schultz


Head of Strategic Options Business, Susquehanna International Group

Photo of Mett Kinak


Global Head of Equity Trading, T.Rowe Price Group

Photo of Mett Kinak


Global Head of Equity Trading, T.Rowe Price Group

Photo of Mett Kinak


Global Head of Equity Trading, T.Rowe Price Group

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