When it comes to reliability of their systems, Euronext isn’t exactly the bank of Switzerland. Every once and a while the market is shut down or having a delayed opening – their thousands of employees can’t get the exchange work like.. well.. Eurex. Most recent challenge is broadcasting the index level, the AEX. Apart fromRead more
Interesting story in Quote magazine this month on the dividend double dipping cowboy Frank Vogel. A macher with a lot of bravoure. Made a fortune for Fortis Global Securities Lending and Arbitrage (GSLA) at the turn of the century and pocketed millions of bonus as well. Was shown the door as the bank felt his kingdomRead more
During rainy weekends my favorite pastime is reading financial statements. Especially those from market makers such as Optiver. Firm has released their key figures to the press earlier, but here are the core financial statements (pdf). No surprises in terms of profitability, but it’s worth a closer look at employee compensation. Modest compensation for employeesRead more
Optiver’s chief Jelle Elzinga made a phonecall to the journalists from Financieele Dagblad. Even before releasing the official figures on the firm’s results on 2010 – he was happy to share the information with them. That’s new. Trading firms dialing the journalist phone number, instead of other way around. Jelle was in my voicemail too,Read more
Once upon a time, all market makers in Amsterdam received calls on their cell phone from headhunters. Jobs offered at a mysterious firm. A market maker from the pacific, Eclipse. At the time it was a rather unknown company, founded by the former head of trading of Optiver Pacific. Too cut a long story short,Read more
