AMX and Ziggo options at risk
The game has changed, old tricks don’t work anymore. Not for Euronext Liffe, that is. Steadily introducing new options on stocks may have worked in the past, but is currently facing strong headwinds. Don’t expect much enthusiasm for quoting the new Ziggo options.
Market conditions have seen better days. Currently the number of serious market makers is small. Sure enough, all of them want to quote the major stock options and indices. Royal Dutch, ING, AEX. But spending resources on providing liquidity in Ziggo options is another thing. You don’t get paid to take on this risk.
In other words, it wouldn’t surprise me if the introductions of AMX index options and Ziggo options will fail due to lack of interest of market makers. Today, in the second week IMC had to quote the FMX futures, the market was 12 euro wide. And today was the deadline for the market makers to sign in for quoting AMX options.
Euronext Liffe should try something new. Slash the transaction fees and make sure the retail investors benefit.
Update
As expected, none of the large market makers signed for quoting all series as Primary Market Maker (PMM) in these midcap options. Euronext had to call the regular market maker for help : All Options is going to do it. Good for them, hope it will turn out as a succesful product. IMC will be the competitive market maker. Rest of the market couldn’t see any upside potential and stay on the sideline.
Trading starts thuesday the 10th.
Retail investors won’t benefit from Euronext price slashings at all.
It’s the lazy brokers that kepp filling their pockets.
Low retail fees = more trades = happy MM, happy Euronext & happy brokers in the long run.
haha, if the volumes don’t come back, more brokers will have to pack bags soon, which part of that is not obvious, the lazy monopoly profits rarely last, the latest one of course is apple and facebook, google has done well in not being left behind much,
Again SAXOBANK only index options. Request to the moderator, I’am not intersted in adds from SAXOBANK.
Please could you remove adds from SAXO bank!!
so? nobody said THAT it was anything else
besides: AS FROM Q3 IT WILL BE POSSIBLE TO TRADE EQUITY-OPTIONS AS WELL against €1.50/contract
and those are the facts(!)
and I’m not related to SAXO-BANK whatsoever
even if he’s saxo bank pr and this is a advert, its okay, adverts are there everywhere anyways, might as well as see couple of saxo adverts too,
can we have some feedback of how the different shops paid last year? How much total comp per unit of P&L?
Sure, I will start off with All Options: zero units paid in bonuses for every 5 units lost.
As always we paid out 30% of P&L generated (after deducting ridiculous seven figure overhead per capita, unfortunately without the intended campaign contribution to the presidential election)
We paid out bonuses mostly in Q2 when we were able to reap the benefits of the different treatment of chickens in different countries.
Vorig jaar was er geen ruimte voor een cash bonus wegens tegenvallende resultaten. Daarvoor in de plaats: 3 overheerlijke bio-koekjes voor elke werknemer. Daar kan geen geld tegenop!
LOL ;-D
Open for trading