Last round of play offs for the primary market maker licenses ended last week. In nearly a dozen option classes the traders have been trying to quote as tight as possible for two months. The best liquidity provider wins. It wasn’t IMC so send the tightest quotes. IMC lost play offs. All of ‘m. TheRead more
I confess, in the light of the current market crisis and US downgrade this isn’t the most spectacular news. Market makers have been competing for the primary market maker (pmm) licenses in a few stocks. This head to head competition is always interesting, as the market maker with the best quoting performance is selected. ButRead more
Some traditions are worth keeping, and the financial football tournament is one of them. Saturday the 28th of May the Financial Football tournament will be held for the eight time. Just like last couple of years in Abcoude, playing outdoor with seven-a-side on a half-lenght pitch and a great BBQ afterwards. And indoor soccer rules,Read more
The liquidity provider roles have been auctioned again (pdf). Traders can sign on for competitive market maker (cmm, quoting some options most of the time) or more ambitious for primary market maker (pmm, quoting all options all of the time). It’s hard to judge whether or not quoting options gives a comparative advantage to otherRead more
Last week there were a lot of happy folks around in the Mittal crowd, largely thanks to an anonymous big spender who apparently didn’t read the manual (or the wrong one). Some fingers point at Timber Hill or Sig, but we will never discover where to send the flowers. Anyway, the Aperam spin-off has been trading forRead more
