In a few weeks the ninth edition of the Financial Football Tournament will be held on Saturday 16th of June. Scrocca was the new co-sponsor for the event last year, together with Eurex and KBC Clearing. This year the sponsorship is a little different. And a little difficult. KBC Clearing left the business altogether. Scrocca [...]
Finally. The CFTC and Optiver reached at settlement for the manipulation of oil prices in 2007. The firm didn’t do anything wrong at all, but is nevertheless very happy to pay 14 million in penalties. Optiver has traded certain contracts which settle at the closing price (TAS contracts). The firm has manipulated this closing price [...]
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. But [...]