Financial trading firms are notoriously secretive, and won’t release any information on their trading activities unless they are forced to do so. The only listed trading firm in Amsterdam, Van der Moolen, had to present their figures on 2008 results today. Apparently the chairman didn’t want to share any information at all, as their resultsRead more
Allard Jakobs gave an interview to the Dutch financial newspaper Financieele Dagblad. After some overly ambitious mission statements (world power), he commented on his recent acquisition of rival Saen Options. Most executives would remain cautious, politically correct and avoiding stepping on toes. Not in this case, and it turned out to be a highly entertainingRead more
In June 2008 the Dutch option powerhouse Optiver announced to team up with the biggest Dutch retail broker Binck to create their own marketplace. Retail clients of the broker would do all their option trading against Optiver, under the assumption of equal option quotes. Within the ruling of the MiFiD, the European markets directive, thisRead more
Hedge funds are reluctant to accept their losses on the VW short squeeze. The German sportscar maker Porsche squeezed billions out of the financial Heuschrecke Not used to losing a battle against a bigger fish, hedge fund managers want the money back. Lawyers have been put to work to sue Porsche for manipulating the market.Read more
Trading is thin, and analysts from Goldman seem to have enough time left to do some silly research. Today analyst Peter Berezin announced holding overnight positions returned nice profits over the last 15 years. Buying at the close and selling in the opening yielded a 309% profit. The other way around, buying at the openingRead more
