Norwegians and high frequency firms take advantage of Timber Hill. The largest market maker by turn-over volume in options on Euronext is probably the technological driven Timber Hill. It’s part of NASDAQ listed Interactive Brokers. Timber Hill is quoting everything and everywhere, using a linked global trading system. One single trader/mechanic is responsible for quoting allRead more
The view on market making is the only result of a chaotic news story on All Options. The firm would submit a press release on a completely different strategy, because “market making is dead” – according to the official spokesman. Market making this year isn’t what it used to be, margins are thin and volumesRead more
Alphabay has liquidated its derivatives positions tuesday. The total positions were cut in three portions. The AEX index positions (including options with long maturity), the Euronext stock options and the Eurex stock options were offered as separate batches. The word is Liquid Capital has taken over all the positions. Alphabay has never been a popular firm. TheRead more
Let’s face it, it hasn’t been a remarkable trading year so far. Trading is thin, and margins are decreasing. Van der Moolen spin-off Alphabay is the first victim going down and liquidating their positions. Apparently the start-up by VDM managers burned trough their cash in less than a year. Too many managers and support staff,Read more
Shortly after releasing very poor results, Optiver’s chief financial officer decided to throw in the towel and leave the firm. He has been employed by Optiver for just two years, and the secretive company released a small press release on his departure. Fact is Edwin van de Ven (1964) wanted to work somewhere else. AccordingRead more
