Tibra was founded by traders leaving Optiver in Australia, while possibly taking some trading software source code with them. Both firms are spending millions on lawyer fees ever since. A few weeks ago the party moved to a California court – something to do with the disclosure of emails by Google. Read for yourself, it’s [...]
Short post, can’t do it much better than the Sydney Morning Herald today. Some mails surfaced from the period the Tibra founders were still working for Optiver. Finally, the password has been broken. ”Ok Cats, We are 6 weeks out and under the pump. Here is the timeline we are working off.“ Source Optiver profit 256 [...]
Tibra is always a little different from the other major market makers. First of all, they represent the only significant Australian market maker – and second they have another book year for their yearly report. Their trading year ends on the 30th of June, which makes it slightly difficult to compare them with their peers. [...]