The news didn’t hit the wires as a big surprise. All Options is seriously cutting its headcount, and will retreat to their office at the Herengracht 433. They will leave the large trading floor at Beursplein 5. This trading floor needs to be filled with other traders by Euronext. After all, the daily opening ceremony ofRead more
These days the margins in the derivative trading are very tight. Once upon a time, during the last days of the open outcry trading, the broker AFS made small mistake. With an order for 250 future rolls the broker messed up badly with a negative value of the future spread, instead of receiving 2.30, theyRead more
Around a week ago the latest auction of the Euronext liquidity provider schemes (ELPS) was held . The coming year the liquidity providers for liquid stock options like Royal Dutch, Mittal and Aegon and a dozen of small stocks have been selected. There hasn’t been much movement – didn’t notice anything particular at first glance.Read more
Former option traders for Curvalue/VDM pocket bonuses over the trading year of 2009. The bankrupt trading firm Van der Moolen will start paying significant bonuses to their former option market makers in Amsterdam. These former Curvalue traders are rewarded for their profits in 2009. I always figured a bankrupt firm won’t pay out anything anymoreRead more
RBS is selling short puts as expensive special products. The old profession of market making may be dead, according to All Options’ spokesman, but with a little creativity it’s fairly easy for banks to invent something new. Let’s have a small look what Royal Bank of Scotland is bringing us for fancy structured products. TheRead more
