October is not only the month of legendary stock market crashes, also time for updates from Euronext on who’s who in the option markets. Here’s the overview of all stock options with the market makers providing liquidity. Some new firms joined, some others left. Won’t surprise you only two new entrants to game. New entrantsRead more
In the nineties, the trading in futures on the Bund was mainly concentrated in London open outcry pit of LIFFE. Suddenly, the Deutsche Terminbörse appeared with an electronic trading platform and almost overnight captured all market share in the bundfutures mid 1997. When this happened, Willem Meijer was in the fixed income business. Now Meijer is leadingRead more
The liquidity provider licenses used to be a closed shop at NYSE Liffe. Once a firm was “primary market maker”, quoting all available options in a certain class, they usually could hold on their quoting position forever. These quoting licenses were limited, usually only 3 for smaller stocks to around 5 for the bigger onesRead more
The long awaited dividend futures are finally open for trading on the AEX. The trick of the trade seems simple, estimate the yearly dividend, and quote it all day. Doesn’t really move anymore. Euronext has found two liquidity providers ready to “quote” these futures. From the USA there’s Susquehanna (SIG) and from France there’s theRead more
Susquehanna International Group has successfully taken over some of the primary market maker spots which came available after VDM went out of business. However, they haven’t exactly conquered the crown jewels. PMM & CMMAs a primary market maker (pmm) one has the obligation to send quotes in all series in an option class. Short term,Read more
