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 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.
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 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