Tibra was founded by traders leaving Optiver in Australia, while possibly taking some trading software source code with them. Both firms are spending millions on lawyer fees ever since. A few weeks ago the party moved to a California court – something to do with the disclosure of emails by Google. Read for yourself, it’sRead more
It has been almost three and a half years since Van der Moolen went down. The company filed for bankruptcy September 10th 2009. A pity. Public trading firms burning money like VDM are thin on the ground. Their quarterly reports were juicy material. Fast forward to 2013. The court decided what everybody has always known,Read more
The other day when checking the Euronext excel files for the Primary Market Maker play off, I noticed something strange. A small market maker has completely left the Euronext option market. MMX, a startup consisting of a couple former All Options traders, signed for more than a dozen quoting licenses last year – and itRead more
A small follow up on the play offs for primary market makers in half a dozen stock options. It was announced in October and held during December and January. With rival option exchange TOM capturing a lot of market share amidst shrinking volumes, quoting tight on Euronext is getting a little bit yesterday’s game. Quoting the tightestRead more
All your SNS are belong to us. In a swift move the Dutch state nationalized the bank and insurance group SNS Reaal on February 1st. It was in the air for a while, but still shocking to see shares drop from 84 cent to, well, zero. As expected, trading in shares SNS is suspended atRead more
