#OccupyAmsterdam, great news for Euronext
Two weeks after the bell ceremony by Princess Máxima, there’s another golden opportunity for the public relations department of Euronext Amsterdam. The silly pack of protesters of the Occupy movement decided to stay on the Beursplein. For analysis of their (lack of) demands and goals seek elsewhere. These people camping on the Beursplein are one of the best things happened to Euronext this year. It will give strength to the image the heart of the financial world is indeed at Beursplein 5. Suppose Euronext will give them a free lunch tomorrow.
Euronext NYSE/Deutsche Boerse versus TOM
Still pretty unclear how TOM will handle the retail order flow in options. Another issue unsolved are the index options. The AEX index is a registered trademark, and can’t be copied by TOM. Couldn’t find this distinction in the Alex/Binck press release, but I’d say nothing will change for the index options. Trading won’t move to TOM. However, support for TOM from unexpected corner. The EU has 3 main objections to the merger for NYSE and DB, one of which is a “more liberal selling of index licenses”. There it is.
Update on TOM / AEX
The AEX index is a trademark owned by Euronext. However, under the new MIFID II directive, an exchange is no longer allowed to claim an index for trading. In other words, when MIFID II is approved end of 2011 the TOM exchange can capture all retail flow from the AEX Index options too. Being the most heavily traded option class this certainly isn’t a minor detail.
There are protests everywhere.
with the unemployment, under employment, hidden unemployment, youth unemployment and part time employment, what do you expect .. people should be given some fucking work so that they are too tired to fucking protest ..
there is an agreement among traders and ex-traders though, on what they are doing. they should protest in front of ING or ABN building, etc. Idiots
I was already wondering what that bad smell was around Damrak. Must be all those squatters again.
The kind of guys that first complain there aren’t enough jobs, and when you offer them one they’ll refuse it because ’employment is slavery’.
Free camping in the center of Amsterdam. Everybody is welcome. Even free eggs.
all options was right. MM is dead. No more money trading options anymore
all options was right ?! if somebody can’t figure out how to do it, gives up and says it can’t be done, then you can’t figure it out either adn give up, so then naturally nobody else in the world can figure it out ? lets just close down all the casinos too?
Clearly, you know not that of which you speak. Allard is teh prophet, and those who fail to heed the 70 million down the shitter warning will pay too.
This is a wakeup call. Now is teh time to get into the tropical hardwood.
I would like to cordially extend an invitation to all you sexy socialist ladies out there to come down and improve the view down at Beursplein in the coming weeks. But if you happen to know anyone who participated in last year’s animal protests please don’t bring them along because they were kind of crusty.
Nice to know that I can park my car in the future just on the Beursplein without parking tickets
‘Clearly, you know not that of which you speak. Allard is teh prophet, and those who fail to heed the 70 million down the shitter warning will pay too.
This is a wakeup call. Now is teh time to get into the tropical hardwood.’
Are you being sarcastic ?
‘Are you being sarcastic ?’
Only sort of. The man’s hardly a visionary but pickings are kind of slim all around.
Being in timber is not stupid, it’s a commodity and like any other, there is good argument for it turning out to be good investment specially compared to the alternatives .. if pickings are slim, then be smarter or faster, stop complaining that you don’t see any opportunity .. casino hasn’t been shut down, just a new roulette wheel in town, learn how to spin it .. in case you missed,
http://www.efinancialnews.com/story/2011-10-17/mystery-trading-firm-unseats-goldman-sachs
http://www.ft.com/intl/cms/s/0/ac80fcaa-f8e1-11e0-a5f7-00144feab49a.html
all you guys using Newedge for funding will be farked – lines will be greatly reduced and be made far more expensive
anyone got any colour on the situation at ABN/Fortis?
@12:03
Mmmyeah why does it sound like you’re trying to convince yourself..
@12.03
SinoForest comes to mind
‘SinoForest comes to mind’
One fraud can’t discredit the whole fundamentals about commodities, did the ponzi scheme by madoff mean that all the hedge fund traders are running pyramid scheme?
‘why does it sound like you’re trying to convince yourself..’
No, its for your benefit only, hope the point about ‘changing rules of the game’ is not getting missed in your psycho analysis,
http://investors.interactivebrokers.com/download/Q3_11_earnings_release.pdf
Here is a great response from Wall Street to the protesters!
“We are Wall Street. It’s our job to make money. Whether it’s a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn’t matter. We would trade baseball cards if it were profitable. I didn’t hear America complaining when the market was roaring to 14,000 and everyone’s 401k doubled every 3 years. Just like gambling, its not a problem until you lose. I’ve never heard of anyone going to Gamblers Anonymous because they won too much in Vegas.
Well now the market crapped out, & even though it has come back somewhat, the government and the average Joes are still looking for a scapegoat. God knows there has to be one for everything. Well, here we are.
Go ahead and continue to take us down, but you’re only going to hurt yourselves. What’s going to happen when we can’t find jobs on the Street anymore? Guess what: We’re going to take yours. We get up at 5am & work till 10pm or later. We’re used to not getting up to pee when we have a position. We don’t take an hour or more for a lunch break. We don’t demand a union. We don’t retire at 50 with a pension. We eat what we kill, and when the only thing left to eat is on your dinner plates, we’ll eat that.
For years teachers and other unionized labor have had us fooled. We were too busy working to notice. Do you really think that we are incapable of teaching 3rd graders and doing landscaping? We’re going to take your cushy jobs with tenure and 4 months off a year and whine just like you that we are so-o-o-o underpaid for building the youth of America. Say goodbye to your overtime and double time and a half. I’ll be hitting grounders to the high school baseball team for $5k extra a summer, thank you very much.
So now that we’re going to be making $85k a year without upside, Joe Mainstreet is going to have his revenge, right? Wrong! Guess what: we’re going to stop buying the new 80k car, we aren’t going to leave the 35 percent tip at our business dinners anymore. No more free rides on our backs. We’re going to landscape our own back yards, wash our cars with a garden hose in our driveways. Our money was your money. You spent it. When our money dries up, so does yours.
The difference is, you lived off of it, we rejoiced in it. The Obama administration and the Democratic National Committee might get their way and knock us off the top of the pyramid, but it’s really going to hurt like hell for them when our fat a**es land directly on the middle class of America and knock them to the bottom.
We aren’t dinosaurs. We are smarter and more vicious than that, and we are going to survive. The question is, now that Obama & his administration are making Joe Mainstreet our food supply…will he? and will they?”
Re: anonymous rant
Wow. Look outside your bubble and wake up.
If not, the nature of the cycle will do it for you.
End The Fed.
‘One fraud can’t discredit the whole fundamentals about commodities’
No, it doesn’t. Unfortunately though investments in wood (teak especially) has had its fair share of fraud. AFM was at some point actually actively discouraging people from investing in it.
It’s a bit like Greece: if only it was limited to a single fraud…
‘Here is a great response from Wall Street to the protesters! ’
Being arrogant doesn’t help your cause of stealing money from real economy, so its best to zip it up, keep stealing cash, but don’t f*ckin brag about it,
‘We get up at 5am & work till 10pm or later. We’re used to not getting up to pee when we have a position. We don’t take an hour or more for a lunch break. We don’t demand a union.’
stop this bs, you dont work this hard .. sometime yes .. all the time, every time, definitely no .. taking initiative and sacrificing for work is what we do, the big question is do we get overcompensated for that extra bit .. 1 million dollar means you are doing work of 20 average people !
‘Do you really think that we are incapable of teaching 3rd graders and doing landscaping?’
If you go with that attitude to a real job, you’ll be singled out, ostracized and be tortured enough till you quit in frustration, then you are back to square one, so don’t think you can go back to normal real life job with that superiority complex/attitude,
‘I’ll be hitting grounders to the high school baseball team for $5k extra a summer, thank you very much.’
You have fallen to that level now ?! going to summer job for 5k, how is that better than a teenage intern, I thought you could punt for a day and earn more than 5k on NYSE ?
‘we’re going to stop buying the new 80k car, we aren’t going to leave the 35 percent tip at our business dinners anymore. No more free rides on our backs’
Wtf are you talking about, finance is nothing but a frictional cost attributable to capital allocation in real economy, all these bonuses are nothing but upside is mine and losses are all socialized .. S&P is flat for last decade but the bonuses are in the pocket already with no clawbacks,
finance didnt create no value, it just took a cut, like a broker/real estate agent/casino ..
‘Our money was your money. You spent it. When our money dries up, so does yours.’
You got it completely other way around, real street’s money was wall street’s money, wall street spent it and then had huge losses, so now real street’s money dries up and so does wall street’s; this reminds me of old adage that majority of people working on wall street are morons and don’t really understand their own role in society,
‘The difference is, you lived off of it, we rejoiced in it.’
Incorrect again, everyone lived off it, wall street more than real street for sure, by any stretch of imagination,
‘End The Fed.’
Fed was created by John Pierpont Morgan and Rockefeller et al to make sure the control of money is retained by the top and wallstreet is allowed to monopolize finances and of course bailed out in each crisis.. this should be well understood by now .. it is said, you can make any government and laws, but if you just give up money control to another party, you just lost all your independence ..
‘AFM was at some point actually actively discouraging people from investing in it. It’s a bit like Greece: if only it was limited to a single fraud…’
It’s the investor’s bloody cash, if they are going to be careless with it, why are you getting so upset?! Remember there are always stupid and greedy people amongst us, you dont have to become socialist and start bailing out each and every amongst of us who cant use their head once in a while .. what happened to good old darwinism of survival of fittest ..