The big auction of Van der Moolen’s possessions in January was a big success. The proceeds did amount €400.000. Which was more than expected by the administrator. In part this may have been caused by former employees. Maybe overpaying for the computer equipment. The involvement of former VDM traders has been confirmed by the administrator.Read more
Firing people is never easy. Especially when you still want to feel good about yourself, and keep the other traders happy and confident. Scores of books are written on the fine art of laying people off. Trading firm IMC doesn’t need any advice for firing people. They’ve found a perfect way to get rid ofRead more
The joint venture of online retailbroker Binck and trading firm Optiver has changed plans. The new chief Willem Meijer isn’t afraid to admit the whole plan initially was intended to channel Binck’s retail flow into the books of Optiver with TOM, which stands for The Optiver Machine. The reason for this sudden turn-around isn’t quiteRead more
The small market makers of Euronext have some curious complaints. Liquidity providers in the illiquid and quiet stock options like BAM, Corio, Fugro and Aalberts are upset. The major complaint is the sheer lack of traded volume. It’s really quiet in the quiet stocks. That sounds the same as an eskimo complaining about the freezingRead more
This website is usually focussing on the Amsterdam derivative markets and its trading firms. However, always very happy to make an special exception for Optiver. The firm is still involved in the case of manipulating oil prices in the US, and the US Commodity and Future Trading Commission (CFTC) is still serious about it. OptiverRead more
