In the past Euronext Liffe used to have an auction in market maker roles every six months. This has been changed, and all roles have been auctioned. This selection process is based on the performance of the market maker in the past year. Quoting tight and for size will earn you brownie points. Generally speaking,Read more
A witty email is buzzing around in the dealing rooms, a Wall Street’s response to the Occupy movement. Truth be told, I’ve seen it before a couple of years ago in a slightly different version. This one was already posted in the comments a few days ago (thanks for that) – but hey, it’s worth aRead more
Two weeks after the bell ceremony by Princess Máxima, there’s another golden opportunity for the public relations department of Euronext Amsterdam. The silly pack of protesters of the Occupy movement decided to stay on the Beursplein. For analysis of their (lack of) demands and goals seek elsewhere. These people camping on the Beursplein are oneRead more
In the light of the current TOM discussion it’s a little bit a spoiled party, but Euronext Liffe will introduce new flavors of liquidity provider schemes. In the current set-up, market makers in options can apply for two different roles: Competitive Market Maker (CMM) Obligation to quote at least 10% of all calls and putsRead more
Fresh e-mail from my broker Alex tonight, highlighting all the tremendous benefits TOM will have for Jack the retail investor. Just in time, because my investment portfolio has seen better days. Alas, no such positive thing. Retail investors won’t see a penny and market makers are forced to leave Euronext for Tom. Liquidity providers on EuronextRead more
