Alphabay has liquidated its derivatives positions tuesday. The total positions were cut in three portions. The AEX index positions (including options with long maturity), the Euronext stock options and the Eurex stock options were offered as separate batches. The word is Liquid Capital has taken over all the positions. Alphabay has never been a popular firm. TheRead more
Let’s face it, it hasn’t been a remarkable trading year so far. Trading is thin, and margins are decreasing. Van der Moolen spin-off Alphabay is the first victim going down and liquidating their positions. Apparently the start-up by VDM managers burned trough their cash in less than a year. Too many managers and support staff,Read more
Certain news isn’t important enough for a post on its own, but interesting none the less. Alphabay, the Van der Moolen spin-off including most higher ranked managers, has been axing their headcount. Approximately half the staff has been laid off, including the general manager. Earlier some support staff were fired in an attempt to cutRead more
Reading yesterday’s news on the remains of Van der Moolen in the Financieele Dagblad. Turns out at least seven spin-off’s have been created from the wrecked company. One may wonder how many of the seven dwarfs will survive in 2010. Fairy tales usually have a happy ending, so maybe we could say “and they livedRead more
