This chart got me thinking - what's the impact to exchanges themselves? Who wins from this?
The short answer - Nasdaq $NDAQ.
More below: https://t.co/r376jqjTon
When it comes to equities revenue share, NYSE is in 1st place but $NDAQ yields more per trade. $CBOE is the cheapest of the trio.pic.twitter.com/N2Eh2qURLN
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This is pretty crazy -
$NDAQ yields 75 - 100% more in options revenue than its next 2 competitors. NYSE does less volume, but$CBOE share is on par with Nasdaq.$NDAQ's customer mix is higher quality, hence the much higher revenue capture:pic.twitter.com/yNNNd2mmTc
Show this thread -
Nasdaq has dominant market share in options with huge revenue capture from that market. As options grow in size & impact to the total market,
$NDAQ is in the best position to benefit.Show this thread
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