There it is. Tom announced their trading fees for market makers and retail flow. It’s cheaper in Sweden. But not that much. Note the market maker fees will probably be a little lower when acting as liquidity provider. The current rate for liquidity providers at Euronext is 5 cent. No information yet on the fees [...]
Just a little more than a week ago Euronext Liffe presented the outcome of the selection process of liquidity providers. This website even presented a wonderful graph with all firms and their number of roles. Also brought the news of the end of some classes of weekly stock options. Well, turns out not all this information [...]
Two weeks after the bell ceremony by Princess Máxima, there’s another golden opportunity for the public relations department of Euronext Amsterdam. The silly pack of protesters of the Occupy movement decided to stay on the Beursplein. For analysis of their (lack of) demands and goals seek elsewhere. These people camping on the Beursplein are one [...]
Fresh e-mail from my broker Alex tonight, highlighting all the tremendous benefits TOM will have for Jack the retail investor. Just in time, because my investment portfolio has seen better days. Alas, no such positive thing. Retail investors won’t see a penny and market makers are forced to leave Euronext for Tom. Liquidity providers on Euronext [...]
It has been almost exactly two years Optiver and Binck announced the birth of little TOM. This venture would initially channel all retail order flow from broker Binck straight into the books of Optiver – and profits to be shared among both parents. This plan would be devastating for the derivative market and all its [...]