A lot of that trading activity is still leveraged even if self-clearing. Futures...

		hidenotslide on Jan 22, 2018 \| parent \| context \| favorite \| on: A summary of what quantitative trading firms do A lot of that trading activity is still leveraged even if self-clearing. Futures/options trades are based on margin for instance, e.g. $4800 ES margin vs. $140,000 (50x2800) notional means 29:1 leverage.