IMC has won the title of the Financial Football tournament, after beating KBC Bank on penalties in the final. IMC is the first team ever to win the tournament for the second time in history. Back in 2005 they won the tournament for the first time, which was then still an indoor game. Sponsored byRead more
Terrific, 250 pages of confidential insider material. Managers about eachother and looking as fierce post-war resistance fighters against Richard Den Drijver (page 122). The group of derivative traders are described as “ignorant and spoiled” by their former management Egbert Pronk and Frank van der Linden. The latter must have been a true visionary – asRead more
Goldman Sachs doesn’t clear any option market maker firm in Amsterdam. This is the territorial pissing ground of ABN AMRO and KBC, although the latter is slowly losing ground. Their clients Van der Moolen and All Options have scaled back operations in some degree. In the area of global delta one trading GS clearing isRead more
Some traditions are worth keeping, and the financial football tournament is one of them. Saturday the 28th of May the Financial Football tournament will be held for the eight time. Just like last couple of years in Abcoude, playing outdoor with seven-a-side on a half-lenght pitch and a great BBQ afterwards. And indoor soccer rules,Read more
The liquidity provider roles have been auctioned again (pdf). Traders can sign on for competitive market maker (cmm, quoting some options most of the time) or more ambitious for primary market maker (pmm, quoting all options all of the time). It’s hard to judge whether or not quoting options gives a comparative advantage to otherRead more
