Amstel Securities shuts down option brokerage

‘It’s a serious discussion wether or not small brokers can survive without a powerful client base such as their larger peers in London.’

They should downsize like Aespen, given the disaster coming from periphery’s ejection from euro-zone and sovereign bankruptcy .. hopefully the EU core wouldnt unleash the whole disaster in one go and keep ECB/ESFS going just the way americans did with aig/fanny/fredie .. its unwise to think markets can recover before the PIIGS are sorted in coming year or two ..

who’s the bad apple that won’t settle?

Please provide the name(s) of the defaulting counterparty and or the persons behind it.

Was Neonet hurt by the same counterparty?

http://www.neonet.com/Pressroom/Press-Releases/Anticipated-client-loss-for-Neonet-/

i always complain about our compliance taking ages to accept clients, not only for them to speed up but also cause you dont want any delays in these processes to avoid a bad start. But guess this is one of the examples of why their job can be useful…

i,m sure the brokers are of good faith and capable but looking at the big picture here its a small price to be paid, in these markets only the fittest will survive and in the end there will be only trustworthy and solid marketparticipants

‘i,m sure the brokers are of good faith and capable but looking at the big picture here its a small price to be paid, in these markets only the fittest will survive and in the end there will be only trustworthy and solid marketparticipants’

go watch real economy and markets, they are dying back in recession, stop worrying about stupid market participants if there be no market to participate in ..

quick somebody send them bbg screenshots, and an excel file with all the calculations done, they can get it right, with some help ofcourse ..

They are learning, and just send an update by mail:

The ESDP for the AEX Index Daily Option for Monday 22 August 2011 has been determined at: 280.50

The relevant tick values were as follows:
.
.
.

The earlier issue was the result of an incorrect time-stamp which has since been resolved.

But….. WHO IS THE CLIENT WHO COMMITTED FRAUD???? There must be somebody out there who knows??? What exactly happened?

‘Pretty well informed there Jack, well done again. Thanks for the support’

Thats what the blog is for, get the word out, get discussion started, good stuff,

http://www.hegnar.no/bors/article644014.ece

Han skal ha handlet for milliarder hver dagDet fryktes at 26 år gammel aksje-Rambo hittil kan ha tapt så mye som 200 millioner kroner. Tapene kan være enorme for 30-40 meglerhus.Artikkel av: Redaksjonen ( HegnarOnline – 22.8.11 06:58)
Del på: Facebook Twitter Tips en venn Skriv ut Relaterte artiklerAksje-Rambo gikk amok på børsen Den 26 år gamle aksjeinvestoren Christian Fredrik Aarnes har i sommer gått bananas med lånte penger. Finansavisen skriver mandag at markedsaktører antyder at Aarnes i beste fall hittil kan ha tapt mellom 100 og 200 millioner kroner.

Handelen til Aarnes skal ifølge avisen ha blitt mulig ved at Aarnes utnyttet en svakhet i IT-systemene. Gjennom dette har hans private investeringsselskap RS Capital, med kapital på 1,1 millioner kroner, kunnet fremstå som en storbank med ubegrenset egenkapital på linje med Deutche Bank.

Aarnes’ strategi skal ifølge Finansavisen ha vært å kjøpe stor på begynnelsen av dagen, og så selge seg ned mot slutten av dagen. Og handelen kan fortsette for 26-åringen. Ifølge avisen skal det nemlig kun være noen av meglerhusene som hittil har klart å avslutte kundeforholdet.

Hi Jack,

what is that all about “On the street I heard it was -censored by Jack-. “?

Afraid of being sued for libel?

@6:01

They are just likable guys – and everybody knows them.

why don’t brokers try to match those trade via the CCPs like EMCF or EuroCCP if they can’t do it via the incumbents?

Voor wie wil nagenieten, het vonnis:

http://zoeken.rechtspraak.nl/detailpage.aspx?ljn=br5123

‘I just can’t wait for some people commenting here to lose their job, just for them to realize that being fired is actually quite different than being good at your job.’

Get real, plenty of people here have been fired or their company close shop and that too multiple times in last few years .. this is 30 year financial bubble busting, stop dreaming

‘I can think of whole teams that were fired in 2008 which didn’t deserve it, while some leaches remained on board because they knew who to ‘cc when sending emails around.

This isn’t capitalism in action, as some around here like to claim.’

Its capitalism all right, your boss decides your fate, if you dont like him or he doesnt like you, feel free to pack your bags and leave .. do you have alternate system in mind ? your wife deciding your fate ?

‘why don’t brokers try to match those trade via the CCPs like EMCF or EuroCCP if they can’t do it via the incumbents?’

Because they are brokers and they don’t have a brain to use, just a dick to jerk around,

An agreement is an agreement whatever the method of settlement. The brokers should have tapes and sue if any malpractice occurrred.

Yah its called small penis syndrome, except in this case, with no brains and tiny dicks, you just try putting it up each other’s butts to get off,

@ 11:50 pm – mate, if you have an unfair advantage, exploit it. why compete on the screen when you can just butt fuck customers otc all day…

not for insto txns. all grown ups here mate.

not really, if there was discussion going on about closing the desk, a random hit like this was probably last nail on the coffin, ever wonder how real world works ..

order execution .. lol .. get ready for another lost decade and grinding growth, not too mention the euroland restructuring lasting till italy exits .. with no asset bubbles apart from gold and softs, there be only dicks for you to execute on ..

AESPEN also down??!!

iets te vrolijk…..

they were way old school, nobody cares,

how do you mean they are back .. were they gone somewhere ?

what does FK stand for ? what did he do, sounds like he fucked you over ? time to stop crying ?

Can someone tell me what banks (or other FI’s) DO NOT have their dealing room in Amsterdam?

RBS, ABN – Amsterdam

But:

-Rabobank’s dealing room is in Utrecht (as well as in Amsterdam. What’s the difference between those two?)
-van Lanschot’s dealing room is in Den Bosch

any others?

ING?
SNS?
NIBC?
Kempen?
Aegon?
Alex?
Binck?
Robeco?
Bank of Scotland?
BNP Paribas

@ September 13th 11:14am

if you don’t have anything useful to say, please refrain from making stupid remarks. although that seems to be the hallmark here anyway, you dutchies all talk the talk but only a few walk the walk…..

now to your question: no he didn’t fuck me over, but he did do just that with a load of other people. actually he’s still doing it. just trying to be helpful and warn these two guys, they have to watch their backs.

and not necessary to say what FK stands for. those who are involved with Forte know who he is.

‘When you think about it, quite a few banks don’t have a dealing room in Amsterdam’

And that includes those listed by you, ECB having a dealing room in Amsterdam, haha,

[...] among the ranks of market makers for a change. Alas, two brokers were forced to throw in the towel (Amstel and [...]