NAP is able to source liquidity through a wide net of counterparties we otherwise would not be able to find, while executing at competitive rates.
NAP is one of our only counterparties to take us from the beginning to the end of the trade: from idea generation, sizing, implementation and execution, along with risk management, maintenance of the position and ultimate opportune time to unwind the position; they impress at all aspects.
I look forward to NAP commentary as it is timely and pertinent to what is driving the macro aspects of the volatility space.
They are much more highly motivated to find liquidity and trade inside the screens than a broker at a bulge bracket who gets order flow for non-best execution reasons. They have been my #1 agency broker for years and the best traders I’ve executed with.
NAP strategists approach their methods like I do; many of the strategists spent a significant portion of their careers in my seat on the buy-side and they know how to manage risk