Comments on posts on websites are highly appreciated. Mostly short views and opinions on other market makers and trading in general, it’s fun to read and now and then carry valuable clues of how trading firms are doing. Yesterday evening a comment was written on the proposed deal between market maker Optiver and broker Binck. [...]
The only listed Dutch trading firm Van der Moolen has settled charges for improper trading within its US specialist unit back in 2004. It has sold the US specialist activities in December 2007 to the prestigious Lehman Brothers. One would expect this would end the stream of legal problems for the troubled firm. Wrong, according [...]
Avoiding mistakes is a highly rewarding trait for traders. Pressing the wrong buttons or trading with the wrong variables will invariably cost you dearly. A true source for self-hatred too. The same logic doesn’t count for the stock exchange themselves. Running an exchange shouldn’t be regarded as rocket science. Open your trading pit or computer [...]
In electronic derivative markets erroneous order entries are quite common. Confusing price with quantity, accidentally leaning on the immediate sell buttons or setting automated trading functions in motion while experimenting with different parameters, messing up calls and puts – painful. These fat finger trades can definitely ruin your day, your career or even worse. No [...]
While the Dutch AEX is holding ground and closed yesterday unchanged year-to-date, the rest of the world is sinking again in negative territory. For a trader falling markets are as good as rising markets, as long as there’s any trading around. This is where the trouble starts. The German neighbors witness a spectacular drop in [...]