Interesting story in Quote magazine this month on the dividend double dipping cowboy Frank Vogel. A macher with a lot of bravoure. Made a fortune for Fortis Global Securities Lending and Arbitrage (GSLA) at the turn of the century and pocketed millions of bonus as well. Was shown the door as the bank felt his kingdom [...]
For sale on eBay, an original Van der Moolen statue depicting the classic fight between bull and bear, with a very catchy slogan “the legend lives on“. Guess the old Van der Moolen himself could never have imagined to live on in secondhand markets. Anyway, it’s made in Holland so quality is guaranteed. It’s something [...]
Terrific, 250 pages of confidential insider material. Managers about eachother and looking as fierce post-war resistance fighters against Richard Den Drijver (page 122). The group of derivative traders are described as “ignorant and spoiled” by their former management Egbert Pronk and Frank van der Linden. The latter must have been a true visionary – as [...]
Former option traders for Curvalue/VDM pocket bonuses over the trading year of 2009. The bankrupt trading firm Van der Moolen will start paying significant bonuses to their former option market makers in Amsterdam. These former Curvalue traders are rewarded for their profits in 2009. I always figured a bankrupt firm won’t pay out anything anymore [...]
Let’s face it, it hasn’t been a remarkable trading year so far. Trading is thin, and margins are decreasing. Van der Moolen spin-off Alphabay is the first victim going down and liquidating their positions. Apparently the start-up by VDM managers burned trough their cash in less than a year. Too many managers and support staff, [...]