220: Erik Swanson – Meet the Market Makers on the Other Side of Your Trade

This podcast episode delves into the intricacies of market making, highlighting Erik's insights on Simplex's adaptive strategies in response to volatility, particularly during the GameStop trading frenzy. With an emphasis on the importance of Delta in options trading and the evolving dynamics of retail trading and payment for order flow, Erik provides a comprehensive view of the challenges and opportunities in the current market landscape. He also addresses criticisms of payment for order flow practices, advocating for the benefits they bring to retail traders while underscoring Simplex's competitive advantages through data intelligence and innovative hiring practices.