In their unusual move to reduce the fees, Euronext raised the stakes. The trading in options and futures on the midcap AMX index needs to flourish. Market makers can trade for free. Their commitment may be the bottleneck. For a liquid options market, there needs to be a good market in the futures. This future [...]
Launch a trading firm, expand international and conquer the world. That’s the idea. Both Optiver and IMC followed this approach and profits soared. Especially at IMC, the majority of the profits come from their Chicago office. So far the good news. Expanding abroad can be a struggle. A good trader isn’t necessary a perfect manager. Around [...]