It’s a bit of old news, but received some mail from the Eastern front. Happened on August 16 – Everbright Securities (fantastic name of course) had the Shanghai stock index explode with 6% on a single day. Software glitch, the modern version of a fat finger trade. Never realized the firm even made a profit.Read more
Mentioned over the weekend already in the comments. Last friday the news was shared by SIX Swiss Exchange the membership of Tibra Trading Europe will end on October 31th 2013 (pdf) . This means they’re leaving the market making in Swiss equity options. The firm is closing down desks one by one. Rumor has itRead more
It has been little more than a year ago when Knight updated some stuff on their servers, and lost over 460 million dollar. The firm bought in 80 stocks a total of $3.5 billion and sold short 74 stocks for $3.15 billion. That’s a nightmarish bug in the trading software. A document with the SECRead more
As the first exchange in Europe, the weekly index options were introduced by Euronext Liffe Amsterdam in 2006. Two years later the famous daily index options followed in 2008. Still a very successful product with good volumes. Unfortunately for Euronext most flow is executed on TOM these days. After another two years the weekly optionsRead more
Some short news from the Far East. Ingensoma Trading Group has got a new Responsible Officer (RO) in Hong Kong. Previously the man has worked five years for Tibra Trading. Unsure what kind of responsibilities come with being a Responsible Officer, but absolutely wish Stephen Pang all the best at his new job. (LinkedIn)
