Posts tagged as: Caerus

NYSE Liffe opens market for liquidity providers

40 comments / November 4, 2013

The liquidity provider licenses used to be a closed shop at NYSE Liffe. Once a firm was “primary market maker”, quoting all available options in a certain class, they usually could hold on their quoting position forever. These quoting licenses were limited, usually only 3 for smaller stocks to around 5 for the bigger onesRead more

Euronext sues TOM on AEX Options

1 comment / April 23, 2013

Didn’t arrive as a surprise. Euronext Liffe sues The Order Machine (TOM) for trademark infringements with respect to the options introduced on the AEX index. Euronext is the owner of the AEX index, and doesn’t allow other exchanges to introduce derivatives with AEX as underlying value. As of January 2013 the index options on AEXRead more

Play off results Euronext

16 comments / February 10, 2013

A small follow up on the play offs for primary market makers in half a dozen stock options. It was announced in October and held during December and January. With rival option exchange TOM capturing a lot of market share amidst shrinking volumes, quoting tight on Euronext is getting a little bit yesterday’s game. Quoting the tightestRead more

WEBB buys Caerus

304 comments / January 16, 2013

It’s has been confirmed WEBB Traders takes over Caerus. They have a lot in common. They are both start ups launched after the demise of Van der Moolen. WEBB is mainly active on the cash market, and Caerus is market maker in the derivative business. No surprise It doesn’t really come a a surprise. InRead more

TOM and the play offs

26 comments / October 24, 2012

A small victory for The Order Machine / TOM. Conform all expectations, NYSE Euronext is forced to allow TOM as a member on their derivative exchange. Even Euronext saw the rain coming, and agreed to accept TOM as a member of the exchange. Didn’t even bother to wait for the court. The expensive legal proceduresRead more

Older