Heralding trumpets. Pat myself on the back. Told you so. Twice. As everyone in de business knows, All Options lost their shirt in 2010. Majority of staff axed, and the firm retreated to their small office on the Herengracht. Full scale cost cutting. The numbers are in for the personal holdings of the man whoRead more
Last round of play offs for the primary market maker licenses ended last week. In nearly a dozen option classes the traders have been trying to quote as tight as possible for two months. The best liquidity provider wins. It wasn’t IMC so send the tightest quotes. IMC lost play offs. All of ‘m. TheRead more
The financial transaction tax is a fine way to hurt the economy as a whole and eliminate trading. Volumes will be erased. Never thought it to be likely to come into effect in reality, but I underestimated French stupidity. Here‘s the official plan. Four pages in French about taxes, not my cup of tea. InRead more
NYSE Euronext can’t marry Deutsche Börse. That’s good news for anyone interested in competition. And good news for the staff at both companies, which would have been axed by numbers. As brought the news here in december 2011, Euronext will start a cafe on Beursplein 5. It has now been confirmed the bar will be runRead more
Short post on something very relevant. KBC Clearing will be shutting down operations. It didn’t come as a big surprise. They lost critical mass. Their major market maker clients went bankrupt (Van der Moolen), vanished (All Options) or left (Scrocca). The Belgian mother KBC Bank decided to call it quits after 16 years. A sadRead more
