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Interactive Brokers suffers $22m market making loss; Former Harvard Money Whiz Jack Meyer Tries to Regain His Edge; Dash Financial Technologies Names Ari House Chief Financial Officer Newsletter,Options

Lead Stories Interactive Brokers suffers $22m market making loss Hayley McDowell – The Trade The market making business at Interactive Brokers made a $22 million loss in the first quarter this year, as the firm moves forward with winding down its options market making services. Interactive Brokers explained the rate of continuing losses within market making had been ‘substantially reduced’ by the decision to shutdown options market making. ****SD: In case anyone thinks this was a sudden phenomenon, and in lieu of a graph of declining profits, I’ll point readers to an AmsterdamTrader post from 2010 titled “Timber Hill…