Interesting interview with The Order Machine’s CEO Willem Meijer this weekend in Het Parool. Although this newspaper is focused on Amsterdam, interviews like this would usually be published in Het Financiele Dagblad. Anyway, Meijer – with a new rebel look – has got something to say. Things are going fine with TOM. The market share [...]
Love is all around us this December. Getco buys Knight. NASDAQ buys TOM. Afraid to be alone with Christmas, ICE responds with buying NYSE Euronext. Well, they aren’t really after Euronext nor NYSE : the derivative trading business Liffe is the crown jewel. Time flies. Back in 2000 Euronext was formed with the merger of [...]
While I was still fact checking TOM’s claim over 20% of the option executions find a better price than Euronext Liffe – something bigger is released. Willem MeijerĀ found a better price for TOM itself. The NASDAQ OMX buys a stake of 25% in TOM with an option to expand its stake to 50,1% (press release). [...]
A small victory for The Order Machine / TOM. Conform all expectations, NYSE Euronext is forced to allow TOM as a member on their derivative exchange. Even Euronext saw the rain coming, and agreed to accept TOM as a member of the exchange. Didn’t even bother to wait for the court. The expensive legal procedures [...]