The option exchange TOM has been gamed by a trader. The case came the light last week, after a string of suspicious trades in AEX index options. The exchange hasn’t lost any money on the (alleged) manipulation. The burden was for the market makers. This case of alleged cross-venue manipulation is a bit of aRead more
The alternative option exchange TOM has released a fresh research report. The option prices across the three exchanges with options on Dutch stocks are compared. The best bids and offers in the market on Eurex, Euronext and TOM are compared for December 2015. TOM hired reputable market research company Markit to do the job. Good decision,Read more
The equity options volumes traded on the European exchanges see less block trades and more liquidity on screen. This is positive in multiple ways. First, it helps price discovery when the transactions are openly traded in the screen. It removes barriers of entry for smaller investors. A market where only block trades switch hands, while screens remainRead more
By order of the court, TOM and Binck are explicitly having a disclaimer on their website. It has been proven the execution for option orders isn’t always the best at TOM. This situation was a clear case with orders in stocks. DeGiro created clear examples where stock trading at Euronext could give better executions. IRead more
This Wednesday there was a decision in the Court of The Hague in the never-ending story of lawsuits of Euronext against TOM. It’s a long read, but if it’s your thing you can find the (Dutch) ruling here. Very confusing. Both exchanges claimed victory. To me it seems like a draw. To cut a long storyRead more
