I am sorry for us longs. It will be a sell-off tomorrow. It has been the same story for a while -- lower revenues, lower gross margins, higher SG&A --> lower EPS. I am tired of believing Peterrfy's shit.
Same story. Lower implied volatility compared to last year is impacting the market making operations. The Brokerage business continues to grow at an impressive rate, but is not a big enough part of the business yet to make a larger dent then the market making business. Looking forward to the conference call when i get a chance to listen.