All your SNS are belong to us. In a swift move the Dutch state nationalized the bank and insurance group SNS Reaal on February 1st. It was in the air for a while, but still shocking to see shares drop from 84 cent to, well, zero. As expected, trading in shares SNS is suspended at [...]
Love is all around us this December. Getco buys Knight. NASDAQ buys TOM. Afraid to be alone with Christmas, ICE responds with buying NYSE Euronext. Well, they aren’t really after Euronext nor NYSE : the derivative trading business Liffe is the crown jewel. Time flies. Back in 2000 Euronext was formed with the merger of [...]
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 procedures [...]
Difficult times for NYSE Euronext. The former monopolist recovered some percentage points in market share against BATS Chi-x, but trading volumes have declined. In the option market the serious competitor TOM is gaining speed - market share of 29% in ASML options last week (pdf). That’s a lot. The old exchange came up with new [...]