Binck and Optiver announced the introduction of their joint venture a week ago. Actually, both companies didn’t want to burn their fingers on this apparently legal deal to corner the market.They decided to hire a professional in selling the impossible message. Enter the public relations firm Carl Byoir & Associates. When you need an externalRead more
The largest Dutch online bank Binck announced a joint-venture with market maker Optiver. All orderflow of it’s retail customers will flow directly into the books of Optiver. It will start with stocks, but the goal is to expand the operation to derivatives as well. The plans were known before, but now it seems it willRead more
In the Netherlands there’s just one financial newspaper, “Het Financieele Dagblad“, FD for short. They have one specialist on financial derivatives, mister Conijn. Reading through the pages of the FD last week I discovered a juicy story. Something about a lawsuit between All Options and Euronext. Actually, it was the very same story published aRead more
A long time ago, All Options and its owner Allard Jakobs were banned from trading on Euronext. They returned in 2005 and they certainly did it in style. They traded against the rest of the market in a tiny option class called Getronics-Old (GTO). And lost millions. Legal procedures are still ongoing, and according toRead more
Most interesting market rumours leave room for a lot of imagination, but won’t fill an entire post – decided to mix everything together. AFS verus Phanos The board of the most prominent Dutch broker has been sacked by the main shareholder. FC Utrecht’s shirt sponsor and real estate company Phanos decided to get rid ofRead more
