“Marketmaking is dead”
The view on market making is the only result of a chaotic news story on All Options. The firm would submit a press release on a completely different strategy, because “market making is dead” – according to the official spokesman. Market making this year isn’t what it used to be, margins are thin and volumes are low. But declaring market making “dead” is a hell of a statement for a market maker.
The rest of the news is a mystery. Allard Jakobs would explain a brand new vision for the future of All Options last monday. However, he cancelled it. Bad luck for the journalist who’s left with puzzled questions. Why would a privately held firm share their strategy with the press? And what made Allard cancel his speech? Wouldn’t really feel comfortable working for All Options.
update:
We have light. Scroll down in the comments for both internal memo’s. The core point comes down to cutting costs and staff. Centralize all Amsterdam offices, trading platforms and software. Shut down Hong Kong office, quit losing products altogether and scale down broker flow. Halt grassroots efforts like algo and energy trading. The PMM licenses in difficult classes? Euronext can keep ‘m.
guess most traders at AO didn’t already feel comfortable for quite a long time
Why would a private firm share their strategy with the press?
What strategy? The one thing above all others that AO has lacked in the past years, is a well-thought-out long-term strategy. Never mind good or bad, right or wrong, insightful or not; AO just doesn’t do long-term strategies or long-term anything. Speed is a core value, core vulture, hey hop.
Strategic announcement distributed to all AO employees – 21/09 9.05am
Announcement – New strategic focus for All Options
Dear Colleagues
We are in the midst of a market that has changed significantly. As many of you know, market making, our core business model, is dependent upon volume, and volume has died out in many of our markets. Today we see an environment where technology is critical, where the volumes in the underlying stock markets are declining, where investors seek safe and secure investments, where trading is being centralized into larger blocks of trade and dark pools, or going off-exchange completely. In addition, no one can predict when the markets will recover, if at all. This is not the market conditions the company was designed for in its current form. We as a company must change, we need to have a strong focus on what we are good at. Market making as we experienced it is dying out and we need to evolve. We are a trading company – and we need to focus on how we can get that profitable trading business back.
What we intend to do is move away from primary market making obligations that lose us money, to focusing on sophisticated proprietary trading strategies in markets where we can gain real value, stopping loss making markets, reducing our traded-products portfolio, simplifying our infrastructure, and investing in dedicated technology.
With deep sadness I need to tell you that one of the unfortunate ramifications for this new strategy is that today we have to tell you that we will be closing our office in Hong Kong. The target date for closure of the HK office will be 1st January, 2011. I thank the team there for all of their efforts and hard work. We will however remain present in one of the Asian markets with our development of technology for Korea.
We also preparing to implement the new strategy in our Willemstad and Zug offices, with the international Managing Directors being informed this morning. In addition, I will personally be informing all of the Amsterdam employees more about the changes in a town-hall meeting at 13:00 today, in the Mercury Hall / Mercurius zaal at BP5. Please can everyone attend.
We need to embrace change and truly make the very best of it, we cannot dwell in the past and need to create a new winning team spirit and focus. Only then we can survive in today’s environment.
With best regards
Allard W. Jakobs
On behalf of the Board of Directors
Strategic announcement distributed to all AO employees – 21/09 15.07pm
Announcement – Further update on new strategic focus
Dear Colleagues
I would like to outline more details to the intended new strategic focus for the company, which I also announced earlier today in person to the Amsterdam staff.
As a company that relied primarily on market making we were operating in market conditions unlike anything encountered in the last ten years. In many of our derivatives markets volume has dropped significantly, volatilities are flat, margins thin and investors are seeking other routes for their investments. What this means is that we were losing money in positions that we were obliged to take as a primary market maker.
In these new times, we need to change, to evolve our trading approach to take advantage of our position in markets where we can build stable revenues. What I intend to do, and which is now being reviewed by the Amsterdam Works Council, is a new focus for our company.
The aim of this strategy is to increase revenues by putting more focus on profitable markets, to align current cost levels with our lower revenues, and to re-establish the balance between our IT and business support group size in line with Trading.
To implement this strategy there will be three functional areas in the company: Trading, IT and Business Support.
The key developments in Trading will be:
• Simplify our trading infrastructure – have one office in Amsterdam, one clearing house, and one trading platform
• We intend to stop trading on loss making markets and focus only on those markets where Trading believe profitable trades are possible and are supported by ScreenTrader
• Closure of the Hong Kong office
• Simplify our product portfolio – reduce it from the 350 traded products we have now
• We intend to stop bidding for PMM memberships in unprofitable markets
• To reduce loss making broker flow by focusing on trades that generate value for the company
• We intend to stop all other loss making or marginal trading activities including ceasing with algo trading and energy trading
• Maintaining a small trading strategy group to do fundamental trading research: instrumental in developing new proprietary trading strategies
• Maintain our dedication on continual professional development for all traders
For IT the key developments are:
• Make IT Services one integrated team
• Continue to invest in the V2 trading platform with renewed focus on the markets we believe we can gain value from
• Relaunch AtomPro for all of our IT activities with a strong focus on the development of new technology
For business support, the proposed changes are intended to better realign the various support functions to more adequately match the size and scope of our intended new trading operations. Several departments will see staff reductions and we will integrate all of the Amsterdam staff into one building.
I do understand that this proposed new structure is a big change and you will all no doubt have many questions and concerns.
As I stated in my live presentation, I am ready and willing to take any questions you have, but recommend that you first talk to your department manager.
These changes are necessary for the company to continue to be a challenger in the markets. Only then can we survive in today’s environment.
With best regards
Allard W. Jakobs
The typical business model of Dutch Option Market Makers: Make prices as tight as possible (like All Options), make sure nobody makes money (and in the process they won’t make any either), then, after being hit for 1 c edge in decent size, go on the screen and sell it straight out…for 2c loss. Fucking great business plan. Finance that operation with the Curacao dividend fraud. Oops, that’s not enough, well take it from Allards Altana petty cash, which melts like snow in the sun.
That way the spreads get really tight and the source of income – the bid-ask-spread – becomes so small that they will drop money in a market like that. Overhead does its part on it. Of course take eerybody down as well. Brokers already feeling the pain as well.
Guess key is to add other dimensions to MM such as taking views and positions which can spell doom and disaster if not done diligenty.
Alphabay -> Bust, Tibra -> Closed down London. All Options -> sacking a lot of people? IMC -> scaled down massively (they focus on a few stocks per day as lack of man power, rest is automated, Munich office closed down even before starting properly). PAN -> still profitable, Liquid -> still profitable, Wolverine, DRW, CTC, CMT, Ten Ten, etc no idea there.
Times are tough when volumes come down and vols as well. Need a new doomsday scenario, when wide spreads are there again. Until then will be hard to survive as option MM.
what do you mean Tibra – closed down London?
dont take everything on word of what u hear on this site .. use some common sense too …
Is IMC also closing down in Hongkong?
Does the W in Allard W Jakobs stand for Wanker?
Can anyone shed some light on:
– if Tibra really closed down in London?
– if Bandhari really left Tibra?
– if the Anonymous before me thinks he has got a fantastic sense of humour?
I think it’s humouristic!
but I also think that the ‘W’ stands for ‘W-shaped’ recession 😉
• To reduce loss making broker flow by focusing on trades that generate value for the company
oooh, so to make a bit of profit has nothing to do with trading ‘big size’in the Prof?! Thanx for clearing that up!
So world domination is not on the agenda anymore?
Current mission: Making profit!
Sounds like a Risk and Compliance dream company – no trading, no risk.
I think they should get into retail banking just like the VDM direction change in 2008, that worked out very well
trading size in the prof mkt is not the greatest strategy for a mkt maker..sounds to me like they were never any good at mkt making and the Altans home run has kept them going the last few yrs…think someone said previously on an older story that they actually made zip in 2008, how is that possible?!
AO is past recovery, a goner…..
I think it is better NOT to trade in the prof mkt.
W = Wanker, yes I also think thats humouristic, in fact its pure comedy genius.
Also fukalloptions@gmail.com is also pretty funny, because after working at All Options, all you will be left with is “Fuck All” options.
attention to all current all options employees, look for some job before job market crashes again! Enough with these stupid tight markets, so much risk for tiny return!Better to sit and watch porn!
Greatest mismanagement ever! Allard playing the ‘big’ ceo to compensate.
When will the Chicago office open? Merry christmas!
the dutch options market is a joke when u look at how tight the spreads are and the risk being assumed by the MM, risk versus reward my friends… there is such thing as providing too much liquidity… and to think there’s also a ranking system there based on number of PMM/CMM roles held, ha what a load of egotistical nonsense…
Let’s face it. Allard always has been a gambler. And I’m the first to admit he often gambled right in the past (with great ideas and smart thinking). Just keep on doing that is my advise!
Forget about being the biggest and best, doing huge trades with limited upside potential.
To the moron who disclosed the internal memos, on behalf of your soon-to-be excolleages, I’d like to say thank you for your unprofessionalism and lack of respect towards us. You’ve screwed us all. I hope they find out who you are and that you get your asses sued real quick.
What goes around, comes around.
Buy Allard
Sold
Everyone can see what’s happening in the markets – I’m surprised you guys (Dutchies) aren’t all out of jobs by now.
en ik is klein … het is niet eerlijk.
Vandaag weer genieten bij de kleinere concurrent van All Options. We halen ze vanzelf in zonder dat wij er iets voor hoeven te doen.
By the way: Posting the internal memo shows a total lack of respect to the company that pays your salary. Sad to notice that you employ such idiots (who probably think they are great traders).
doesnt sound good for All Options…to change strategy completely from market making to ‘prop’ certainly aint gonna happen overnight and would more than likely take many months if not a yr or 2 to generate some returns (assuming they come up with decent strats at all!)…by that time the company will have sunk under the weight of its overhead…unfortunate for the employees there
I fiel sorry four Allard … I know what its like to see you’re internal memo posted hier. Clearly the person who posted the memos does not understand WE bud only ME.
PS I think Allard needs to switch onn his spell chequer, it was quiet emberressing to ried.
Still surprising that dutch marketmakercompanies still are being prostituted by Euronext and Eurex. making tight screen prices were it`s clear that margins are too small to make a decent living..and to continue the game the exchanges continue to size down tic sizes..when will we be able to trade RDSA options at 0.5 cents in the screen ? or AEX at 1 cent ? Marketmaker companies, look up “the prisonners dillema” on google and decide together if you rather continue to gamble on your competitors loss or step back from the Exchange`s “divide and conquer” strategy and only quote against an decent margin and share the pie…
hearing Tibra settled out of court with Optiver – any truth in this?
Hear Hear!
Posting an internal memo by a normal trader is better than declaring market making “dead” by an official spokesman!
“By the way: Posting the internal memo shows a total lack of respect to the company that pays your salary. Sad to notice that you employ such idiots (who probably think they are great traders).”
YEAH…BECAUSE THE COMPANY AND WHO REPRESENTS IT SHOWED A LOT OF RESPECT TO ITS EMPLOYEES…BY PAYING PEANUTS (OR ZERO) BONUSES AND PRACTICALLY FORCING EMPLOYEES TO 50-55 HOURS WORKWEEKS, NO PAID OVERTIME, NO TRAINING, NO BENEFIT WHATSOEVER…JUST BY EMPLOYING YOUNG (SOMETIMES) TALENTED/SMART GUYS AND FILLING THEM WITH FAKE TALES OF THE 80′-90′ WHERE THE MONEY WAS LITERALLY “ON THE FLOOR”, YOU JUST HAD TO PICK IT UP.
I AM FED UP OF THIS UNILATERAL RESPECT EMPLOYEES TO COMPANY…LIKE THEY WOULD DO YOU A FAVOUR THAT THEY PAY YOU A SALARY…
BY THE WAY, I HAVE NO HARD FEELINGS OR FRUSTRATION ABOUT IT, I AM JUST REPORTING THE SITUATION AS IT IS, CONSIDERING THAT I HAVE BEEN WORKING IN ALLOPTIONS AND IN OTHER DUTCH MM COMPANIES DURING THE YEARS…SO PLEASE SPARE ME THE VICIOUS COMMENTS, THERE IS REALLY NO NEED FOR IT.
SO, TO THE GUYS WHO MIGHT HAVE TO LOOK FOR A NEW JOB I WISH GOOD LUCK…HOPE YOU FIND SOMETHING WAY BETTER THAN ALL OPTIONS..AND CHEER UP ON THE FACT THAT IT’S HARD TO FIND AN EMPLOYER WORST THAN THAT.
AO had this coming a long time .. sure volumes are down, but the utter lack of strategic management skills is what is actually killing this company. I hope that all (to be) fired employees will find a new employer soon and yes they are better off for sure.
it’s like Lehman saying banking is dead!
Too bad for the other marketmakers the liquidity provider is gone
Why all this hostility towards All Options … I thought everyone at AO became a multi-millionaire overnight after Altana …
“To the moron who disclosed the internal memos, on behalf of your soon-to-be excolleages, I’d like to say thank you for your unprofessionalism and lack of respect towards us. You’ve screwed us all. I hope they find out who you are and that you get your asses sued real quick.
What goes around, comes around.”
I think that last line was exactly what the person who posted the memo had in mind. If you replace the word “disclosed” by “wrote” you also get an interesting read.
@ Gert & Frans
Why do you ask? You were the one having the inside info!
If so you would know, so please explain….
anything on tibra/optiver settlement or is that rubbish?
The irony in my last post appears to have been lost … I had previously argued that many AO traders felt screwed on their bonuses (and that few within AO actually gained from Altana) while some others here painted it to be one big happy family (and “LOADED” with billionaires and AO shareholders). Well, not anymore.
Maca – Nice post and spot on!
I dont give a shit wether AO survives or dies, but dickheads on here should remember that we are reading gossip, leaks, rumours, inside info on a blog about the Amsterdam trading players!
I for one am very grateful to whoever leaked the memos, and keeps us all posted of the truer picture.
It seems that everyone is happy to read bullshit, gossip and stories about their competitors, but when it happens in your own house you get on your moral high horse. All i can say to that is grow some f***ing balls and trade out of your position without whinging on here.
Maybe if AO looked after its staff, and treated them with a bit of respect, then the memos would not get leaked! Their ignorance and incompetency is our (the readers of this blog) gain.
Just my 2c worth. Keep posting people – theres a lot of appreciation on here for anyone that provides colour on the real goings on in this shady company.
anyone from All Options left on the rich list?
how is the situation at Optiver? Is it true that they lost a lot of money this year because of enourmous costs?
wats all this nonsense about “not disclosing internal memos” ; “does not understand WE bud only ME”; “unprofessionalism and lack of respect towards the employer” and “a total lack of respect to the company”..
wat a load of bullshit ..
the only thing I do agree with is “What goes around, comes around” ..except from the other way around .. these private trading companies have been handing out lot of bullshit to its employees, so its only fair that their employees have got this forum to share their employer’s dirty little tricks/secrets ..
Quote heeft het ook opgepikt:
http://www.quotenet.nl/quote-500/gaat-allard-jakobs-weer-eens-failliet.php
It’s ALL OVER
Typisch Quote om aandacht te besteden aan de verloedering en Endemolisering van All Options.
LOVING the rumours today, especially the ones I know are false!
Goed Gedaan All Options!
Update Trrriiing…Allard Jakobs laat een onderknuppel bellen met Quote om zijn ongenoegen te uiten over de in zijn ogen juridisch niet correcte typering van het in elkaar klappen van zijn vorige handelshuis Goed Gedaan, zoals wij in de kop van dit artikel meldden. De toko was juridisch inderdaad niet failliet, technisch echter wel. Vooruit: we wijzigen de kop van ‘Gaat Allard Jakobs weer eens failliet?’ naar ‘Gaat Allard Jakobs weer eens kapot?’
which rumours are false .. pls oblige the curious ones ..
hoe heette die toko dan waarin hij die geweldige arnhemse /akzo spread deed ? ging die niet pleite dan ?
Gedaan
misschien?
Nee is niet failliet gegaan. Die aandeeltjes zijn nog geld waard gebleken 🙂
How many people will loose their job caused by this change in strategy??
this is not any conscious ‘change in strategy’ of management where the bottom rung is the one feeling avoidable side effect .. this is just a normal expected fallout of a whole different world we are in post 2008/9 severe recession .. people/biz all over have failed/restructured/changed/adapted .. i am wondering why Allard as a good trader took so much time to adapt to the new paradigm .. being able to adapt to a new situation is a hall mark of a good trader .. and pls know ur difference from speculator vs market maker even though both are often referred to as a trader ..
inthinkable war game.
It is embarrasing to see all those anonymous posted comments . No one has the balls to say what he has to say with his own name posted. People seem happy that AO has decided to stop their marketmaking business . Big fucking deal ! What is it to you ?
Stop talking bad about your own business ! A bunch of has beens with no sense of pride . Once we were traders .
Amen
Once we were warriors … good pic
handel is voorbij helaas vroeger konden wij het grote itc nog handelen nu is dat voorbij het enige wat nog wat is , is prive fti’s handelen
heeft allard hans er ook uitgegooid ??????????????
It’s true. Market Making is dead. At least give Allard some credit for calling it.
What happens to AOI’s clearing broker now. Wasn’t AOI 70% of their business? KBC I think.
yah thankfully its the exchange, brokers and clearing bank which wud feel the pinch .. enuf of living easy life .. no more free money from the every growing credit bubble ..
Just to add, obviously this is all biased because who ever leaked the email was not doing it to help the company or its employees.
I happen to know that AO have strong reasons to believe an ex-employee posted the email, passed on by a well-meaning current employee, no doubt, who probably isn’t very happy with his mate right now.
But AO are not stopping market making, they are just lowering their contracted obligations on some exchanges. Not stopping. This allows their traders to be freed up to spend more time on prop trading. Broker flow is still being taken – just not on the same wide range of products and exchanges.
and ya market making is not dead .. like any business, it can generate finite amount of profit .. u cant run a bank’s worth of IT/infra on eq option market making profit .. thats just not going to work .. so time to wise up and cut back on all that need for speed and automation .. cut staff and keep the most essential employee/costs running .. the bills will get paid with good enuf to spare ..
To be a voice of reason: I used to work in Amsterdam, and am now in Chicago, but the fact the company is making changes and AJ not letting things going to the wall is good. But yeh, was a shitty thing for that email to be posted. Companies here would track you down man and get your ass. Zero respect for your team. Can see how a ex-staff prob did it.
anyone who does this to his employer but takes his money is a piece of shit .
No respect for such a cockroach .
Hopefully Trader Jack will back me up on this request: can we please comment in English rather than Dutch? Google Translate is crap.
Yes I agree. Even though I am omnipotent and rule the heavens and earth, I cannot understand that f*cking language.
tibra didnt settle with optiver. complete BS
ah, thanx for clearing that up!
“Broker flow is still being taken…”
Nice to hear that they will be around in the Prof with their “big swinging dicks”.
Tibra didn’t settle? Yeh, well if they’re closing the London office it doesn’t matter – they are in the shit with the rest of us.
yeh, and optiver are going to hit the jackpot if Chi-X gets bought out. best ocmpany to work for at the moment.
“anyone who does this to his employer but takes his money is a piece of shit .
No respect for such a cockroach .”
Well, maybe All Options shouldn’t have called the press if they wanted to keep it internal..
mate, well done to make public that internal memo…if the company treat you bad, this is the result…no mistery…cut the crap about loyalty and respect to an employer…we are not japanese…they get what they pay for…
thanks again to the guy who posted the memo
Allard decided to screw everyone by making this matter public. there are many good people working at AO whose job search prospect have taken a big hit because of this. The lack of respect towards its own employees is disgraceful.
Excuse me, but if market making is dead who’s going to make the market? If lots of market makers stop bidding for PMMs won’t the rewards go up until someone provides the service again? Genuine question.
p.s. There’s a lot of anonymous sniping on here so I’d just like to add a bit of balance by saying I loved working at AO. Nice offices, interesting technical challenges and great coffee.
If you liked it why did you leave?
coz he doesnt know what he is talking abt ..
Poppacrime:
“”mate, well done to make public that internal memo…if the company treat you bad, this is the result…no mistery…cut the crap about loyalty and respect to an employer…we are not japanese…they get what they pay for…
thanks again to the guy who posted the memo””
Well that’s a f*ckin stupid post – idiot. The memo is internal, everyone in the company got it. That;s the point. Posting it external damages our / the workers at All options. Get yer head straight you asshole. It doesn’t help us.
…the kanker that posted the memo is the one damaging the company. AJ didn’t make it public
“…the kanker that posted the memo is the one damaging the company. AJ didn’t make it public”
Well, read this story:
http://www.fd.nl/artikel/20312501/optiehuis-all-options-maakt-draai
“Well that’s a f*ckin stupid post – idiot. The memo is internal, everyone in the company got it. That;s the point. Posting it external damages our / the workers at All options. Get yer head straight you asshole. It doesn’t help us.”
hey…watch your language, there is no need to insult here…it’s my opinion versus your opinion, and if you are so cool also as a person and you are willing to confront, then we can meet…but I am sure that you are not so cool and you should spend your time by looking for a job…tomorrow the “list” is out and you are in it…you feel the heat?
And this all story is just a natural end to a bad company…but I see that they learned their lesson…by informing the public of their financial difficulties they can easily get away by giving you guys the legal minimum compensation, which you know (as AO told you), it’s just 0.5 month salary per year you wasted there…so good luck with it!! You truly deserve it..
Why does Jack not delete the memo from the link ,or is he the only one making money these days, picking rumours out of the air and letting 100 bored dead market makers ,rant and rave their anonymous thoughts as the grim reaper approaches. This web page seems to have cornered the market in bullshit. Just like the previous story where Liquid bought all of Alphabay positions , now Jack you know thats not true as you called them, and they said as much, so why do you create such a useless story, whats your cut …is it per hit or per crazy story, or do you smoke so much weed and then turn on your laptop.Sorry if I offend anyone but I will meet ye all outside and kick your ……..ooops need my pills
God I miss the floor…
By the way the Anonymous who thought people shouldn’t write Anonymous is really the king of stupidity. Put your name where your mouth is witnit ;)…
Gooi de lijst met ontslagenen er maar op mannen!
Jack only deletes post which takes pot shots at him specially the ones which advices him to go get laid so that he doesnt unnecessarily deletes harmless posts like this one
I respect Allard for his knowledge of options and his great trading ideas. He puts his money on the line when he sees a strategy he is convinced of.
The only problem is he does that in such a size that the whole company is at risk or at least in an abnormal size compared to the trading activities of his employees.
Bottomline is he doesn’t need so many 200+ employees that only contribute to a big overhead, except maybe for his ego. So my advice would be get rid of almost everybody and keep a very small team to exploit the ideas of the big Boss.\
By the way I really hope Allard survives these dramatic times with All Options. He is one of the characters who gives a bit of extra’s to the option industry.
Good luck.
@AO staff who has the opinion posting internal memo’s is a good thing to do: In your comment you are complaining about getting paid peanuts. Well, there is an old saying: “pay peanuts and get monkeys!” That is exactly what you are! A trained monkey, unable to make any decision yourself. If you are unhappy and apparantly you are unhappy whith AO for some time now, then you just LEAVE!! Nobody is forcing you to work there. And who agreed to the low salary in the first place?
Probably you are one of those wannabee traders who only can watch the electronic eye and not think of trading strategies or other opportunities yourself to make some euros. You’re probably the first one to be sacked.
Next week all the known and unknown firms will receive your CV and of course you’ll be happy to explain how good you are in a personal interview. Well, I’ve news for you there now place for you in the industry!
And by the way, I have no connection with AO and I even don’t like AJ, but I do respect him as a trader. Shame his ego got him in trouble. I agree with a prvious post. Keep a small team and trade (or maybe gamble is a better word to use in AJ’s case).
For the Altana trade alone the guy deserves respect especially since one of the big losers on the other side was the vampire squid itself Goldman Sachs! Obviously doesnt sound like he’s a great guy to work for but such is life.
look at all u losers advising Allard on how to run his affairs .. yep thats how he does it .. comes to a forum like this and listens to morons like u .. chattering away to glory ..
Actually I think he does…
You have probably never spoken to Allard? Then you would know the answer…
really ?! Allard comes and read all ur comments ?.. and in all seriousness ?.. respect to Allard !
Allard akbar!
All of you pussies were not complaining when you were drinking on Allards costs at the Altana borrel in the beurs van Berlage.
Now go back ketsing your local futures feeling master of your own universe.
I was drinking on my own cost at the altana borrel, my most expensive beers ever!
Not only the money was better on the old floor, pissing directly at each other was also al lot more fun than posting stupid comments with no names on this site. In those days you had Etienne to try to act as a referee. In the end you all turned to him. F*cking great! Now we have Jack to monitor the discussion. I know which one I prefer!
One of the wiseguys wayback had an interesting thought that still is applicable for any industry (firms and employees): ‘It’s not the strongest of the species that survive, nor the most intelligent.
It is the one most adaptable to change’
(Charles Darwin)
Ik wacht nog steeds op de verloting van die Ferrari
Does anyone know how Flow Traders is doing? Are they still making lots of money with their ETF arbitrage?
see Flow Traders is a gud example of a gud organization .. u never see their employee/old employees coming and cribing abt their company on this website !
what u give, comes around !
I know, but I cannot tell, otherwise i have to kill you..
I heard they don’t do that well.
optiver is making lots of EUR. looking at +200 million this year after they make costs.
Hey, new design. No more Bloomberg like white letters on a black background. Easier to read, that’s for sure
+200million for optiver this year(?) right!
enough money at least to pay the HAMMER-fine
nice new layout btw!
“…the kanker that posted the memo is the one damaging the company. AJ didn’t make it public”
the kanker is spreading through all options and fast. give it a fucking rest, every good trader knows that if you do a bad trade or make a bad price you get punished. working for all options is a bad trade, and you should expect that it will not be easy for you to be let out without some pain. the traders that are good and know how to make money have nothing to worry about.
Optiver 200 mio – SOLD!
shall we agree not to use the word k.nk.r anymore?!
no need at all to do so
Right guys, be civilized
Optiver made 100 million on one trade but lost 101 million on the next one.
Allard bieden !
& All Options laten! 😉
Is WEBB firing people because they have not enough money>?
no they just dont have any fucking clue how to make money .. shud be obv no ?
man that was so sarcastic, u have to really open up ur imagination to appreciate it ..
Trader Jack, pls stop deleting comments man .. this is getting tiring ..
Maybe it’s an idea to post rather more usefull/interesting/intelligent comments first?
go get laid and stop fucking judging on how usefull/interesting/intelligent the comment is .. fukking nothing better to do than jerk off ?
q.e.d.
Any news from the All Options front? It’s been quiet today, apart from a couple of frustrated kids.
Allard zijn broertje, Bas is nu op rtl 7
yah go join the group .. they have been waiting for a cool kid like u to come along to help them get laid ..
wats RTL 7 ?
RTL7 = tokkie-channel
so, no details regarding “the list”?
why is ao not able to make at least some money in these markets?
using a quote machine and an electronic eye is not that difficult if you have a simple algo fitting the curves
are there cost that high?
I dont think it´s a problem making “some” money . Its a simple calculation . Cost vs. profit . Fact is that most companies didn´t imagine their profit would be so volatile as it is . One year you make 200 mio. the next you lose . Another bell curve fallacy .
u have to be quite a moron to mention trading company’s profit and bell curve in the same sentence to begin with .. but never mind, u did restore some pride calling it a fallacy .. well done dodo ..
Rumours heard that Allard wants to buy the AMSTERDAMTRADER.Com website to track down the traders who posted the internal shit.
he got nothing better to do ?
And then what? Fire them? Moeahaha!
Ha Ha 🙂
next topic
Seriously, what is gonna happen now. Are traders gonna be fired ? Are good traders looking for new jobs ?
loads of traders looking for jobs at the moment dude, markets are sh*t and people aren’t getting paid ….. just one problem…..many of them these days are morons and not good traders, who was the idiot who mentioned the bell curve regarding all options again?! haha
read the comments on this site and you will get the picture
new topic please
and otherwise some (former) employee(‘s) should share some more details with us.
cmon…he just (figurative) meant that the mean profit that should be expected by employing the MM business model has an high std deviation and he pictorially uses a N distribution with fat tales…a little bit of imagination…dont be so hard on him…
WOW, thanks for the explanation mate!!!
anyway…AO is firing 30 people in the first block and soon another 30…anyone can confirm?
I heard the same
hey, there is nothing wrong in expressing the expected returns of an investment by using a N distribution…I don’t agree with the “fallacy”, there is no “fallacy” in this case
“Firing in blocks of 30…” Sounds like the cowboy he is. Feel sorry for the guys who were hired on the wrong assumptions.
why dont u jerk-offs use the bell curve as ur protection when doing it to urself ..
Ofcourse the bell curve is a fallacy…sorry if it is too difficult for you
ya wanker, i see u finally made it to real trading world, realising what a big joke bell curve is with regards to finance/trading ..
how do you model finance phenomenons/reality?
you use the finger to test where the wind is coming from?mmm…I think vola is low…let’s go long!!!AO style….good stuff…
how many people here actually *know* the mathematical theory of normal distributions (as in CLTs) and how many are wannabes dropping names (bell curve, fat tails) – and poking fun of others who know just as little ?? inquiring minds want to know.
I know the theory….and you? you wannabe cool…fly low mate, fly low…
I know too, and you dont really have to be a scientist to understand fat tails….just about any university student…quite basic to be honest
So the discussion is now about first year university statistics classes??
I better like the discussion about the ins and outs of AO…
it be better if u knew neither bell curve or the stupid fat tails .. know potential risk and dont try to model it or try quantifying it down to one number ..
NEW TOPIC PLEASE!!!
This is boring the crap out of me.
I heard Tibra is investing in space exploration. Can anyone confirm or deny?
yes, first monkey into space since ussr in 1959
Can someone at AO please change the website, it’s a little bit out of date.
It’s funny to see AO struggle now – just a few months ago, after taking over Saen Options – the company made this big mistake on focusing on pure marketing making, increasing size and risk. Getting rid of all other assets of Saen which were not directly correlated to market making seems to be one of the major steps into defaulting. It’s no news anyway. I am sure Allard will be back in a few years – and many stupids to follow him again into another disaster.
Tibra is firing people, not hiring.
its firing the CEO n stuff .. people really dont know what to do in shit situation do they ..
No, AO are not firing 30 in blocks. Before Christmas every employee will receive one option (the so called `poison pill`). Holding three options will guarantee you a job in 2011. In November and December the options can be traded and every registered trade gives the seller an additional bonus, paid by the company (up till one trade cycle per reg share). After round one, the people that are `ìn` can vote 3, 2 and 1 pt per 3rd and up option on the losers, which means that the big share holders have the most voting rights. The idea is that the best traders should easily make it on board: either through trading or through good will. For the people that know it will be over, this brings the opportunity to leave with a sort of bonus.
AO is fireing ppl every month, at X-mas nothing left
“The idea is that the best traders should easily make it on board”
The best traders will leave and won’t participate in this game. Bad traders with no alternatives will be forced to buy 2 extra options.
“No, AO are not firing 30 in blocks. Before Christmas every employee will receive one option (the so called `poison pill`). Holding three options will guarantee you a job in 2011. In November and December the options can be traded and every registered trade gives the seller an additional bonus, paid by the company (up till one trade cycle per reg share). After round one, the people that are `ìn` can vote 3, 2 and 1 pt per 3rd and up option on the losers, which means that the big share holders have the most voting rights. The idea is that the best traders should easily make it on board: either through trading or through good will. For the people that know it will be over, this brings the opportunity to leave with a sort of bonus.”
This is a joke right? If it was not Allard we are talking about, I would not even be asking…
knowing Alla.. this can be true
Monkeys, the lot o’youse
I’m gonna read the news paper, less boring than this….joking!
trader jack, can we have an iphone app for this site pls .. easier to access and gossip around ..
Rumours going around that Mako is looking to sell one of its option index books. Anyone heard anything along those lines?
why wud they sell one of those books, if they dont like it why wud someone like it Or are they getting out of index options all together ?
I heard that as well, apparently one of the books took too much of a hit.
is it really that much work typing the complete word ‘would’ instead of ‘wud’? Looks a bit moronic.
i think u were luking urself in the mirror .. that looked pretty much all moronic ..
Re: I heard that as well, apparently one of the books took too much of a hit
this is vanilla index options book we are talking abt ? they were running that big/illiquid a position ? any good trader in the company can trade out of it rather than auctioning it off completely, unless of course they would never want to be back in that product ever ..
It’s a shame that the family is dead but we had a good time.
Usually the only times when books are auctioned off is when the company is going bankrupt……
Marketmaking is not dead…It’s sleeping.
Look! It moved.
u talking abt market making or ur dick ? doesnt matter .. both are dead anyways..
next!
You just don’t know your classics…
care to share ur knowledge ?
So where do the good traders go to ?
Lot of All Option traders stay home today. This way they can’t be fired, and will receive the notice tomorrow. One month extra payment!
Better to call in sick then refusing to go to work. Both I wouldn’t recommend.
The floor looks full to me…
lekker handelen in centen , vorige eeuw 50 ct marge in ah
tja, toen was jij nog een topper. Weet je nog dat ene jaar dat je een ton verdiende? Dat waren nog es tijden!
again with the fucking dutch ..
please.. have some respect for your hosts.
If you’re too lazy, thick or arrogant to learn the language of your country of residence that is your own problem.
Kees jansma rijk geworden op de vloer
what fucking hosts .. this is an online website, not ur trading floor in amsterdam ..
he visseoog, jij ook hier,
alvast fijne weekend
Yea that’s right, everyone in the world should speak English because you can’t understand anything else. Klootzak.
no u debiel, zijn erg onbeleefd om te beginnen met een andere taal spreken, wanneer vrijwel alles wordt converseerde in het Engels
A lot of the people using this forum are Dutch. From time to time they will converse in their mother tongue. You will never change this. Since you obviously know how to use electronic translation, it should not pose too much of a problem for you.
Politely asking people to speak in your language is one thing, but when you swear it is you who are being rude.
Basically, chillax!
Lekker de vertaler erop gezet. Uiteindelijk zijn het toch de Nederlanders die het het beste doen in dit vak.
tanpri, di m kouman pou w ale nan estasyon tren an?
the english to dutch translation was the whole point .. its just useless as u can all see .. i understand dutch being used time to time, but man the translator does such a poor job translating dutch to english, its just plain aweful .. thats why the frustration at seeing dutch .. translator just doesnt do the trick ..
Mimi kama kula matunda kwa ajili ya kifungua kinywa.
what happened in the altana trade?
1st) Congrats to tradert Jack for craking 200 comments. Both the size as the software are good. Now let’s work on the quality of the comments
2nd) “Mimi kama kula matunda kwa ajili ya kifungua kinywa.” means “I like eating fruit for breakfast.” in my native language
All Options attends and organises a variety of recruitment events across the world. At these events we usually bring along some of our derivatives traders or technology specialists, so you can hear for yourself what it’s like working in a leading international market maker.
now i understand why it took 1 month on average for Daniella to reply my email…. after i pass the math test…. what a bad time… what a tragedy for a old graduate want to enter the elite trader society… when i saw AJ’s word, my heart is broken…. i am lost again, where is my future????
“tanpri, di m kouman pou w ale nan estasyon tren an?”
Looks like “Je t’en prie, dis-moi comment aller a la gare.” Haitian?
Page Temporarily Unavailable
eFinancialCareers is temporarily unavailable due to high traffic volume. Please wait a few seconds and try again by hitting the reload button on your browser.
We apologise for the inconvenience.
stop confusing google translator with three languages in two lines ..
“eFinancialCareers is temporarily unavailable due to high traffic volume”
That was caused by All Options announcing that they are hiring.
NYSE Euronext-directeur Alan van Griethuysen zegt zich geen zorgen te maken over de toekomst van het Amsterdamse optiemodel.
Wel erkent hij dat de lage volatiliteit de marketmakers parten speelt. Maar mochten sommigen willen stoppen, dan zijn er volgens hem nog altijd genoeg anderen die hun plaats willen innemen. ‘Er zijn 175 partijen lid. Bovendien betreden ook meer buitenlandse marketmakers de Nederlandse markt.’
Who are the best market makers in UK Stock Options?
i dont think there’s any volumes really in those UK classes .. Liquid comes first to mind .. u can find the list on the exchange website and if u do find it, pls enlighten us too ..
Well you can find the list of MMs who are exchange members on NYSE LIFFE website, but that doesnt really help. As I’m sure you are well aware MMs on Liffe doesnt meant that they are actually any good. Liquid are not that active on the UK market any more. DRW have gone, timber + tibra doing quite little now, just wandering whos got the size in UK options
well with no volumes, it wudnt matter who is the biggest .. even if u are the biggest, u cant cover ur fixed costs, so its a moot ques ?
liquid only trade the uk stocks to get rebates in stoxxx and ftse, like most other shops big in those indexes
Stopt itc amsterdam er ook mee ?
Wie heeft de leiding daar?
English: “Itc london stop there too? Who is in charge there?”
to bob schoo:
goeie kans, website is al uit de lucht: itcholding.nl
ITC Holding
Honderden miljarden euro’s vloeien dagelijks in en uit de wereldwijde effectenmarkten. ITC (Independent Trading Combination) handelt op die markten en vult binnen het hectische financiële verkeer de kansen in die zich voordoen. Want iedere minuut kan er iets gebeuren waardoor je je slag kunt slaan. Lef en gevoel voor het juiste moment zijn dan de eigenschappen die een succesvolle handelaar nodig heeft…
ah yes ITC even more ex VDM peeps right? Guido and Danny…
In 1998 is ITC Holding op de beursvloer begonnen met het handelen voor eigen rekening. Met de huur van een nis op de Amsterdamse beurs, konden onze handelaren de vloer op, handelstickets in de hand, op weg naar de brokers. Een hectische tijd. Het beursklimaat was goed, er was veel handel en dus lagen er veel kansen.
De papieren tickets werden al gauw vervangen door de handheld computers, maar de belangrijkste ontwikkeling was een andere: de overstap van de vloerhandel naar de schermenhandel.
Deze ontwikkeling vergde een flinke omschakeling voor handelshuizen als ITC. Daarbij kwam de glijdende beurskrach: van september 2000 met een top in de AEX index van 703,18 tot maart 2003 met een dieptepunt van 217,80 punten, ofwel bijna 70 procent koersverlies. Hele moeilijke omstandigheden, waardoor veel zelfstandige handelaren noodgedwongen moesten stoppen.
ITC heeft in die moeilijke periode het hoofd boven water gehouden, sterker nog: het nam juist in die periode meer handelaren in dienst. In de betere jaren daarna wierp deze strategie zijn vruchten af. ITC groeide uit zijn jasje en moest verhuizen: van de Singel naar de Spuistraat
– dat is wel gebleken dus
English: “good chance, website has been off the air: itcholding.nl
ITC Holding
Hundreds of billions of dollars flow daily in and out of the global securities markets. ITC (Independent Trading Combination) trades in those markets and fill in the hectic traffic of the financial opportunities that arise. For every minute something can happen so you can get hit. Guts and a feel for the right moment are the qualities that a successful trader needs …”
Dutch to English translation
In 1998, ITC Holding Company at the fair began dealing on own account. By renting a recess on the Amsterdam stock exchange, so that our traders on the floor, trade tickets in hand, heading for the brokers. A hectic time. The stock market was good, there was much trade and so there were many opportunities.
The paper tickets were soon replaced by handheld computers, but the main development was another: the transition from floor trading to screen trading.
This development took a big transition for trading companies like ITC. In addition, the sliding stock market crash, from September 2000 to a peak of 703.18 on the AEX index in March 2003 to a low of 217.80 points, or nearly 70 percent fall in share prices. Very difficult circumstances, so many independent traders were forced to stop.
ITC in that difficult period, kept their heads above water, in fact: it took precisely in this period more dealers worldwide. In the better years and cast this strategy paid off. ITC grew out of his jacket and had to move from the Singel to Spuistraat
– That has shown so
guido has sold his part of the company to Danny, so maybe they change the web.
what a time to be a bank trader. mm’s taking no edge, trading at sheets pretty much, getting a position squeezed against them and scrambling to get out. it’s laughable. well done tibra u ruined the market in oz.
Kees Jansma up to the rescue for ITC, hopefully
tibra haven’t ruined the market – but competition in general has made the mkt certainly tighter and more efficient. Yes stuff generally trades at sheets – so if you want to be involved just decide which side of the trade you want and have a go. If you wait for the edge there once was you will never do anything. Perhaps you will have to learn how to have a go now and move out along the risk curve
tibra was really gud for the market .. mmaking moved from old skool boy’s club to cut throat competition that it shud be given its so profitable .. and the best way to judge Tibra’s contribution is to see Danny’s personal wealth estimated at 40mil .. he didnt make so much money killing the goose, but generating personal profit out of it .. stop cribbing if u cant make money off good position and need juicy margins to make a living, those days are almost over, so get over it..
what’s up with ITC? Again a lot of B**it (probably unsatisfied ex itc trader) or is it true. Hope not good guys in tough market. But they must know how to deal with that.
how can u say they haven’t ruined traditional marketmaking?
sure, they have been good for position trading, as in whoever takes the other side. but for mm’s looking for edge and spreading, of course they have.
so yes, i agree, u have to ‘have a go’, but i dunno what ur risk manager thinks of u just putting possys on cos u have a view if u work at a mm.
and i’d rather take the side of a bank against a bunch of mm’s anyday. all they do is adjust, adjust…and hey, no flow the other way, so scramble and hit the other mms to get out and push it further against. if you have a balance sheet, u are laughing.
and sure danny is worth 40m, but through good business sense, not trading. heard he left optiver with massive synthetic positions years out, which he got his bonus paid out. closing them out cost a fortune. and he’s off the board of tibra as of months ago, keep up.
Re: how can u say they haven’t ruined traditional marketmaking?
what the fuck are u talking on about ..
do you even have fucking clue how market making works.. it works by being slightly more aggressive and competive compared to rest .. why the fuck shud other market makers leave the margins lying around for a fucking moron like u to come have it for free .. if u want it, get in the queue or leave the fucking market ..
and if ur risk manager doesnt understand the game then both of u shud sit on ur fat ass for few months and then get out of business like the morons did at Alphabay ..
Re: and i’d rather take the side of a bank against a bunch of mm’s anyday
Banks have completely different business model, they use their balance sheets, sales & distribution capability, IB relationships, quantitative capabilities for structured pdts to generate ROE
mm keep the balance sheet, positions as small and profits as big, they have to adjust, adjust.. thats their fucking biz model, not too hard to guess that is it .. u cant compare mm with bank.. the only comparable criteria is the salary/bonus possible from them as an employer ..
al vijf of zes AO “market makers” op bezoek gehad deze week. wat een flappendrollers.die kunnen werkelijk helemaal niks. geef ze 2 dobbelstenen en vraag ze om een markt te maken en ze kijken je gapend aan. laten we eerlijk zijn, als je nu nog niet het zinkende schip hebt verlaten en iedere maand je handje ophoudt om je niet verdiende salaris te ontvangen, dan kan je echt nergens anders heen. ik wens jullie allen veel succes maar bij mij komt er niemand van AO in…
Re: and sure danny is worth 40m, but through good business sense, not trading
who gives a fuck about the underlying reason for his wealth, he worked in a trading company where he was paid well for being a trader and then he ran his own trading company .. got out 40 mil in these roles .. thats fucking brilliant .. i rather be skillless, bad trader but just plain lucky to get 40 mil and i’ll be vm laughing at morons like u .. fucking if u are trader and still poor, then fucking leave the commenting abt 40mil wealth to people who know what they r talking abt ..
also if he had massive synthetic positions, very illiquid and marked incorrectly, then its risk manager/trading manager’s responsibility .. if danny was fired for being found out, then i admire Optiver for their ability to hack losses at first instance .. they r very gud in that and they have shown it on several occassions..
for being fired from board, steve job and hurd were fired from apple and hp respectively .. shows board often has no fucking clue on how biz is run.. fucking accountants, IT and lawyers deciding how trading will work ..
Dutch to English translation
they are great
October 7th, 2010 at 10:01 am
five or six AO market makers had a visit this week. what a flappendrollers.die can really do anything. give them two dice and ask them to create a market and they look at you yawning. let’s face it, if you do not yet have left the sinking ship and every month you do not hand ceases to receive salary, then you can really nowhere else to go. I wish you all good luck but nobody comes to me of AO in …
@Calimero I’m 1 dobbelsteen bid at two dobbelstenen. Can I work for you now? Are these european or american dobbelstenen?
@12
2 bid stomkop
Funny that you use the old dice game to test candidates. I remember vividly the dice market making games at the EOA in the good ‘ol days. We now use computers to simulate a zillion throws of the dice.
Dobbelen deden we in het beurscafe om pils…paardebanen heette dat volgens mij. Moet je dat kunnen om te marketmakeren ?
“dobbelen” met Steenkist zeker?!
met Opa
was “opa” dan zijn bijnaam?!
er liepen wel meer ‘opa’s’ rond
fucking fossielen
@ Calimero I’m a die pray at two dice. Can I work for you now? Thesis are european or american dice?
Dice we did in the cafe to stock beer … I think it was called horse tracks. You should be able to marketmakeren?
“Dice” with Steenkist sure?!
with Grandpa
was “grandpa” than his nickname?!
There were however more ‘grandfathers’ around
fucking fossils
akzo opa neem ik aan.
Akzo grandfather I suppose.
frustrating to see tibra take a tick edge in a broker market, throw away half in the screen, maybe getting half out and move the whole market. how can that be smart strategy? they are more dutch than the dutch that they hate so much.
in liquid markets i can probably understand it, but on single stocks it is just ridiculous. on things that trade 1000 contracts a day at best it does not make sense.
well if its not smart strategy and u see that happening, so often, why dont u use ur head for a change and see how u can fuck them .. stop fucking complainting ..
why are there so many obnoxious people ( see above) posting on this site?
coz there r so many morons (see above) posting on this site .. its tiring to read their same old shit ..
bull shit..nothing obnoxious (difficult word for dutch people) on this site.
well the world will always have losers and they’ll always compaint and still keep on loosing .. thank god for them .. we want more specially since option trading is pretty much zero sum game ..
The only ones who make money out of tick width markets are the brokers.
@3:57 pm:
and that’s why many of them are downsizing…
The exchanges make money too…
the brokers make you feel like an asshole if you dont make tight markets and act if you are just doing your job when you make them really tight
making tight markets size up for brokers is the last thing you want to be doing right now…everything trades pretty much close to fair value, same interests/directions for months on end…waste of time
F*ck all options. Tell us something other than your own incompetence which we didn’t know before… Shit traders, shit management, shit attitude. BTW, no one is a f#cking investor of your shitty company so your memo is just a joke. And no one is gonna hire your traders.
jack man .. again with deleting comments .. wtf ..
yeah he did that a couple of times with comments from me too..why??? very very pathetic!!! Triest jack, TRIEST!
Guy’s,
stop complaining about the guy who’s giving us this kind of platform.
thanks vm Jack .. we worship u n stuff and if u allow some of them, they will suck u off too for it .. pls just stop moderating soo much ..
in de beurscafe kwame alleen (((handelaren)))) die geen handelaar waren zoal marcel elles ed helemaal niks
RE: now i understand why it took 1 month on average for Daniella to reply my email…. after i pass the math test…. what a bad time… what a tragedy for a old graduate want to enter the elite trader society… when i saw AJ’s word, my heart is broken…. i am lost again, where is my future????
When did you apply? They don’t have a November intake. Considering the fact that they are downsizing, it is unlikely that they will hire anyone in the near future. The website says that recruitment will begin in Jan 2011 which probably means that by January a lot of the current staff will be fired. Since they are downsizing it may be that much more difficult for you to get hired or maybe that much more easier as they may need personnel. Who knows?
The best option right now is to not go for All Options as people on here have suggested.
whats new ?
[…] months ago All Options declared to cut back in quoting obligations, as market making would be “dead”. In reality they […]
Allard veel succes met je nieuwe plannen.
Ik ken allard als een van de eerlijkste handelaren die er op de vloer rond heeft gelopen. Je kan veel over hem zeggen. Dat hij soms wat megalomaan was of is misschien. Meerderen handelaren hadden daar trouwens last van.
Echter hij probeert het wel. 200 werknemers betekent ook veel stress, zeker als het even wat minder gaat. Of misschien wel slecht gaat. Het lijkt er wel op dat velen hier op dit forum er op aan het wachten zijn totdat Alloptions valt.
Vreemd. Bedenk wel dat er gezinnen enz aan hangen die dan ook hun baan kwijt raken. Voor zover ik allard ken is hij zeker niet de man die daarop zit te wachten of dat zo leuk vindt.
Competitie ok maar de sfeer hier staat mij niet zo aan. Allard werd op de beurs toch wel een beetje gezien als de optie guru.
Zo nogmaals succes allard. Trouwens ook succes voor alle andere market makers bedrijven en dan vooral Wintrading!! Ach iedereen veel succes ook. (no guts no glory)
i second that comment!
Tsja Fred, waar kunnen we daar nu op zeggen. Ik word enorm neerslachtig als ik denk aan al die arme families waarvan de kostwinnaar misschien zonder werk komt te zitten (alhoewel, ze kunnen nog altijd krantenknipper worden). Boe hoe! Meer dan een miljard mensen leeft van minder dan 1 dollar per dag, dat is pas armoede. De volgende keer dat ik All Options weg kan arbitreren DOE IK HET NIET! We zijn hier niet om geld te verdienen in een zero sum game, het is het saamhorigheidsgevoel waarvoor ik verstoken blijf van de buitenlucht. Mede-handelaren, wees solidair en help Allard de winter door!
Je bent zeker vergeten dat de gastjes bij All Options liepen te glunderen toen ze menig concurrent een poot hadden uitgedraaid met de Altana affaire? Boontje komt om z’n loontje. Nu is het (voor de zoveelste keer) Allard z’n beurt om op de pijnbank te liggen.
Indien en voorzover mensen er op hoopten dat Allard (weer) op z’n bek zou gaan, dan heeft Allard dat over zichzelf afgeroepen. Ze wilden zich slechts bevestigd zien in het motto “eens een gokker, altijd een gokker”. Kort na Altana werden al weddenschappen afgesloten hoe lang het zou duren voordat AJ het geld er weer doorheen gebrast zou hebben. Het was zijn megalomane groeidrang die nu leidt tot ontslagen, niet een blogje op het internet.
Ik weet niks van Altana affaire. Ken allard alleen van de vloer.
Ik vind het ook niet goed dat iemand iemand anders een poot uitdraaid.
en dat je daarom , zoals jij zegt, lacht vind ik helemaal verkeerd.
Maar ok ik ken allard van de vloer en daar heb ik hem nooit iets zien doen wat ik niet ok vond.
Zal allemaal wel ik gun jullie allemaal goeds.
Krantenknipper was eigenlijk best ok. Zet bepaalde dingen in perspectief. Als je eens wist wat ik gedaan heb na mijn studie rechten om zo wie zo aan een baan te komen (vorige crisis)., dan had je het belachelijk maken van de krantenknipper niet genoemd.
Maar dit is nu wat ik bedoel negatief en afzeiken enz enz.
Denk trouwens, voor zover ik weet, dat marketmaken of handelen altijd een, relatief groot, gokelement in zich heeft. Vooral nu daar dichte affaires niet echt meer mogelijk zijn.
Of allard een gokker is weet ik niet daar ik nooit inzicht in zijn handelen heb gekregen of heb gehad.
Het afsluiten van weddenschappen op de ellende van een ander wil ik een vraagteken achter zetten.
Hoe zou jij het vinden als ze weddenschappen over jou zouden afsluiten?
Wie ben jij eigenlijk? Waarom zet je je naam niet boven je reactie?
Bijna niemand doet dat heb ik gezien. Alleen anoniem.
Het gegeven dat dat mij opvalt zegt al genoeg zo dunkt mij.
Fred, er wordt je niet kwalijk genomen dat je lang geleden krantenknipper was (beter dan een uitkering), maar je kunt je afvragen welke toegevoegde waarde het vermelden van deze info in je linkedin profiel heeft. Je bent niet de eerste met wie de draak wordt gestoken (menig manager vindt zichzelf heel wat op linkedin). Op de vloer knipten we je stropdas af. Nu houden we je in het gareel via het internet. Als je onzin praat (zoals over Allard), dan moet je de bal terug verwachten. Jij noemt dat afzeiken, het zij zo.
Je kunt op deze site genoeg lezen over de Altana trades in 2007. Dat leverde All Options ruim 200 miljoen op (natuurlijk een enorme klapper, maar welbeschouwd ook een van de weinige successen die All Options heeft behaald … eendagsvlieg?). Allard c.s. schroomden niet om hun tegenpartijen de duimschroeven aan te draaien toen die mega short bleken te zitten.
Dat is dezelfde Allard die jij zo’n toffe peer vindt. Allard heeft daarom op geen medelijden te rekenen als het tij zich keert. En wanneer je het desondanks opneemt voor Allard zet je jezelf er alleen maar mee voor aap. Ik raad je aan je herinneringen van de vloer te laten voor wat ze zijn en je te verdiepen in wat er zich de afgelopen jaren heeft afgespeeld voordat je nieuwe dingen post.
Een aantal concurrenten zou het leuk vinden als ik onderuit zou gaan. We vechten allemaal om dezelfde pot met geld. Ik ben me daarvan bewust. Ik ben echter geen gokker.
Voor wat betreft het anoniem posten, het is natuurlijk makkelijker om met naam en toenaam veren in andermans kont te stoppen, dan om gefundeerde kritiek te uiten. Er zijn genoeg werknemers van All Options die hier hun hart hebben gelucht over wat zij mis vinden aan het bedrijf. Sommigen hebben vrouw, kinderen, hypotheek, noem het maar op en ze willen niet ontslagen worden wegens hun kritiek en kiezen voor de anonimiteit. Daar kun jij of all people toch wel begrip voor opbrengen? Het gaat wel om gezinnen hoor!
Ik bemoei mij nooit meer met de beurs. Soms spreek ik mijn oudpartner wel eens. Maar dat is het dan.
Ik jeb na mijn afscheid van de vloer eigenlijk ook nooit meer iets gedaan op de beurs, zakelijk of preive.
Ik heb altijd een hekel gehad aan sommige praktijken op de beurs. Mijn partner noemde altijd een bep mm firma als voorbeeld.
Echter ik heb nooit zitten te wachten op de ondergang van een van mijn collega’s. Terwijl ik denk dat anderen mij soms wel eens de nek om wilden draaien. Maar ja dat is weer wat anders.
Velen van de ex mm die ik ken zijn (voorzichtig gezegd) niet goed terecht gekomen. Misschien door de stress de onwezenlijke handel waarbij etc etc.
Als allard zich schuldig heeft gemaakt met het om zeep helpen van een andere partij dan is dat NIET goed te praten.
De volgende gelegenheid( die waarschijnlijk nooit komt) zal ik hem dat vragen.
Ik ben het niet eens met vele dingen. Gisteren keek ik nog naar Michael Moore’s film capitalism en ik werd er eigenlijk niet goed van.
Mijn notitie op linked inn schreef ik op omdat ik eigenlijk, zoals je zal begrijpen, niet meer met carriere of zoiets bezig ben. Ik doe maar wat zeg maar. Ik realiseer mij dat ik dat nu makkelijk kan zeggen maar toch.
Betreffende de beurs kan ik nog zeggen dat ik mij pas realiseerde hoe prettig een avond kon zijn toen ik met handelen gestopt was.
Betreffende opties vind ik, terugkijkende, dat het onzin handel is. Een leuk spelletje zoals schaken of back gammon.
Maar alla ik schrijf over allard voor zover ik hem ken. Maar veel weet ik niet van hem.
In ieder geval veel succes met handelen als je dat doet en groeten aan diegenen die mij nog kennen.
Fred Winia for president!
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I mind me never to stock. Sometimes I speak my oudpartner sometimes. But that’s it.
I jeb after my departure from the floor actually never done anything on the stock market, business or preive.
I’ve always hated to some practices at the fair. My partner called always bep mm firm as an example.
But I never sit waiting for the demise of one of my colleagues. While I think others I sometimes even neck wanted to run. But then that’s something else.
Many of the ex mm I know are (gently said) not properly ended. Maybe the stress unreal trade with etc etc.
If allard is guilty of the killing of another Party that is NOT good to talk.
The next opportunity (which probably never will) I will ask him.
I do not agree with many things. Yesterday I looked at Michael Moore’s Capitalism movie and I was not really good.
My note on linked inn I wrote because I really like you will understand, not with career or something doing. But what I do say. I realize now that I can easily say yet.
On the stock market, I can say that I realized just how good a night when I could have stopped acting.
On options I think, looking back, that the trade is nonsense. A fun game like chess or back gammon.
But I write about alla allard far as I know him. But I do not know much about him.
In any case, good luck with acting like you do and love to those who know me.
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