2020 Options Market: The Rise In Young Retail Traders And New Trading Platforms
The coronavirus has sent a wave of new retail investors into the stock market in 2020. This flood of new investors, many of which are younger traders, has been a result of multiple factors: stay-at-home orders, stimulus checks, zero-commission trading, and the rise of free and accessible trading apps.
Many of these new young investors have also trickled over into the options and equities markets. Third-quarter 2020 results from Nasdaq showed a new quarterly trading volume record in U.S. options. In Q3 2020, Nasdaq’s U.S. options market reached a quarterly record of 660 million contracts traded. This being a 52% increase year-over-year.
Looking at new accessible trading apps, one such platform that has garnered a lot of attention is Gatsby. Launched in December of 2019, Gatsby is an options trading platform that’s focused on making options trading beautiful through its modern and sleek design.
Co-CEO of Gatsby Jeff Myers spoke with Benzinga about the recent boom in the options market, as well as, how Gatsby has been designed with the younger generations in mind.
When asked about the influx of new traders, Myers attributed this, in part, to the fact that more young people are paying closer attention …