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Non-Tech : Interactive Brokers / Timberhill

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To: RockyBalboa who wrote (7366)	5/29/2007 7:20:51 PM
From: RockyBalboa	Read Replies (1) of 9012

Here are the numbers: As for the lower than expected Q1 earnings due to their option hits. Some estimates put the hit in the 30MM range in Q1 alone, mostly driven by nonlinear developments in option prices... Market Making: Net revenues come in at 233MM vs 263MM (-30MM) NB: option market making rose by 10Mil contracts in Q1. Seen from the DJ example those are significant numbers of contracts (4000 in just 2 series, gaining more than 5MM in value that day alone. Now apply IBs market share of just below 20% then IB took a 1MM hit ... IBs US Option market share is 19.9%.

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