Breaking news from The Order Machine, or TOM for friends: Founders Optiver and Binck invited another firm to join the party. ABN AMRO Bank is acquiring a 25% stake in TOM and the new powerful shareholder will join the board. Currently, ABN AMRO is already acting as clearing member for trades on TOM. The press [...]
The joint venture of online retailbroker Binck and trading firm Optiver has changed plans. The new chief Willem Meijer isn’t afraid to admit the whole plan initially was intended to channel Binck’s retail flow into the books of Optiver with TOM, which stands for The Optiver Machine. The reason for this sudden turn-around isn’t quite [...]
This very professional logo with the green circles will not encounter a lot of recognition among the members of the Amsterdam derivative trading society. It belongs to the APT (we can read, yes). APT stands for the Association of Proprietary Traders, but it’s not very clear what they’re doing. The APT is the successor of [...]