Tales Of The Tape

Tales of the Tape, Episode 6 - What Makes a Market Maker

45 min · 15. jan. 2026
Billede af episoden Tales of the Tape, Episode 6 - What Makes a Market Maker

Description

You’ve heard of market-makers: that they take the other end of trades and collect the bid/ask spread as fee for their services. But what does that really mean in practice? How did a solely trading floor-oriented market-making ecosystem evolve into today’s setup? Tune in to the latest episode of Tales of the Tape, where Spencer Doar and Andy Bevers of Cboe discuss what it takes to provide liquidity in U.S. options with Steve Crutchfield of market-maker CTC.

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episode Tales of the Tape, Episode 5 - Beyond Vanilla: The Rise of U.S. Structured Products artwork

Tales of the Tape, Episode 5 - Beyond Vanilla: The Rise of U.S. Structured Products

Structured products are helping power the next wave of derivativesgrowth. In this episode, Chris Bialka (VP, Head of Cboe Global Indices) andFabrice Hugon (MD, Global Head of Solutions for Financial Intermediaries atCiti) joined Tales of the Tape host Spencer Doar to unpack what structuredproducts are, the forms they take, and how innovations in index design and FLEXoptions are increasing access.  What you’ll learn: -How structured products deliver defined payoffs and leverage rules‑basedindices  -Why interest‑rate regimes and the hunt for yield acceleratedadoption (buffered ETFs, autocallables, principal protection)  -Dealer hedging mechanics  -How structured product issuance impacts listed optionsmarkets  -What’s next:customization, multi‑asset and crypto‑informed strategies, plus the role oftechnology in modeling & hedging

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