No bribes in TOM’s NL20 Index
Today the elections for the European Parliament. If the polls aren’t mistaken the biggest winner will be the anti-European PVV party. Not to discuss politics, but TOM is probably catching the right wave with their own Dutch stock index – the NL20.
Silently the website for the NL20 has been launched, and of course it’s an all Dutch affair. The only English can be found in the draft version of the Rulebook, added on the 21th of May.
There’s a good case to be made for removing the Egyptian OCI and the French Gemalto and Unibail from the Dutch stock index AEX – but it isn’t that easy to cover it in rules without getting too arbitrary.
No SBM Offshore
The stock universe is described as the “securities of companies listed on the Reference Market in the Netherlands that represent Dutch entrepreneurship“. There we have it, the famous Dutch entrepreneurship.
That’s the only reason I can think of why the current AEX member SBM Offshore is left out of the NL20 index. Bribing officials in Africa and Brasil apparently doesn’t represent Dutch entrepreneurship.
Here’s are the constituents. Furthermore it’s a total return index (like the DAX) so it will “outperform” the regular AEX pretty fast. It will be calculated continuously.
Suppose the derivatives will be announced shortly – with their retail order flow they should start with a fee holiday for everyone for the first month. That’s their only chance of beating the strong brand of the AEX.
Dutch entrepreneurship is apparently something different than VOC-mentality then. If it was VOC mentality weighted, then SBMO would have the highest weighting.
how much fees is lost to ‘AEX’ licence? so much for avoidable frictional cost
If the NL 20 index is compared with the correct AEX, the AEX GR (QS0011131990) I am not to sure it will outperform.
nobody cares, next
This is interesting, from a ‘retail-media perspective’, but i don’t see any value added, from a ‘trader’s perspective’. Does anyone?
did you read this – ‘how much fees is lost to ‘AEX’ licence? so much for avoidable frictional cost’
meanwhile maven continues to eat Tibra’s market
and “game changers” left tibra. is it over now ?
if effect Tibra’s game changed remarkably
Agree with above:
“nobody cares, next”
” i don’t see any value added, from a ‘trader’s perspective’. Does anyone?”
If they start having some flow it will only kill liquiditiy in the AEX.
that’s good, it’ll force the price of ‘AEX’ license down
define ‘maven continues to eat Tibra’s market’
more employees continue to join maven
duh
Who has recently left Tibra to join Maven?
every competent person is leaving Tibra in these days…
Heard recently that another mass group of people are going to be leaving IMC shortly. Some are being recruited to setup new trading firms or bring the strategies to existing groups who are trying to get more trading groups to join.
Stay tuned
a few high guns already left (nothing new is expected to happen), but no chance these people will be able to run the same strategies they were running at IMC… it will be the usual failure a la Tibra…
define ‘competent person’
apart from maven, who else is poaching these ‘high guns’
There are many groups of Tibra people accumulating together at other firms:
* Lots of Tibra developers at Westpac
* Lots of Tibra traders at Vivienne Court
* Some Tibra algorithmic trading people at Epoch
* A few Tibra developers at Eclipse
developers don’t count, not-for profit don’t count, and arcade def doesn’t count
Who or what is Vivienne Court? Sounds like a brothel
oh, and Define Guy, you are a cunt
and you are a dick, come ravish me already
http://bit.ly/1oIXp9p
https://www.linkedin.com/company/vivienne-court-trading
anyone coming to IDX in london?
http://www.idw.org.uk/
yes
When companies are bad they resort to propaganda.
The IMC way:
https://www.facebook.com/imcfinancialmarkets
all the smiling faces disagree, if you are not smiling, maybe you are the wrong match, time to stop moaning and find a new job, life is too short to be bloody miserable all the time
why do Dutchies tend to stick “already” at the end of sentences?
It doesnt make sense.
To annoy you. Are you annoyed already?
give an eg already
‘and you are a dick, come ravish me already’
this being the said eg?
what’s going on at source?
Heard recently that another mass group of people are going to be leaving Source shortly. Some are being recruited to setup new trading firms or bring the strategies to existing groups who are trying to get more trading groups to join.
Stay tuned
source of pure liquidity
define source of pure liquidity already
Heard recently that another mass group of people are going to be leaving [COMPANY NAME] shortly. Some are being recruited to setup new trading firms or bring the strategies to existing groups who are trying to get more trading groups to join.
Stay tuned
man, that joke was already made at ‘May 29th, 2014 at 12:52 pm’
come up with something original pls
source of liquidity is ..
nobody cares, next
define “nobody cares”
http://bit.ly/1nyCsAR
http://www.urbandictionary.com/define.php?term=Nobody%20cares
Already. It doesnt make sentence.
are the Dutch going to shit the bed at WC 2014 like they did at Euro 2012?
VOC-mentaliteit
this blog is about trading, not football
nobody cares, next already
define nobody cares
just hit the news: partner from akuna trading (orest spoka) missing from a boat accident… he used to be a trader at optiver but came over to akuna when akuna offered him partnership..
read more here:
http://www.chicagotribune.com/news/local/ct-boat-capsized-missing-people-met-20140603,0,1775332.story
he wasn’t made partner at optiver, how come?
i heard he was actually fired/let go from optiver.. poor performance for the past few years from the rumours.
poor choice from akuna i think.. hiring a lot of young folks out of college with promises of big bonus and early partnership only to dilute the pool with many (if not most/all) of the partners being hired from the outside rather than promoted from within… mostly ex-optiver guys the akuna folks are poaching…
who are the current partners at optiver?
what’s wrong with hiring ex-optiver people, if they don’t perform, get rid of them, free option
how do you mean poor choice for akuna and how do you mean dilute the pool with many external partners?
what’s the non-compete for optiver US leavers?
current partners at optiver? can’t say.. its such a big company its hard to name all of them.. you mean the ex optivers at akuna who are partners at akuna?
well the founders andrew killion and mitchell skinner were a big part of optiver when i was a part of it (in chicago).. they came from the sydney office.. since then, they’ve poached f demontes, (subsequently fired from akuna), t allen, t joy, c pickford, j gold, p berger, s o’dell, o sopka to name just a few.. im personally curious how they (killion and skinner) keep up with s grey who runs the optiver office in chicago.
theres nothing wrong with hiring ex-optiver people. like you said, fire them if they can’t perform. what i meant was that i heard a lot of akuna people complain about the fact that the ceo and head of trading hired them promising a lucrative bonus and early chance to become partner when shares are cheap and plentiful. but with the higher ups hiring more of their friends and making them partners, the shares are becoming more expensive. where 100k would have bought 1% share in the firm, it can now only purchase 0.5% given the amount of shares the company had to create (or something along those lines).. also most, if not all the newer traders, were complaining the bonus did not reflect the amount of money they made (most likely as a large part of it went to the newly signed partners).. but its hard to say exactly..
how much money are Akuna making and what products are they trading?
usual mm stuff, making shit loads of dough, thanks optiver
like is the case of imc moaners, if you don’t like the dilution at akuna, stop complaining and find a new job, or better still start your own imc or akuna, you clearly know how to do your boss’ job, right
yea, just make sure you have 10m to start up the firm.
if you don’t have the starting capital, why don’t you suck up quietly till you accumulate it, don’t forget the over supply of labor compared to technical ask of your meaningless job
Which other company has 70+ employees in three years of inception already ?
Tibra
and started in crappy last three years rather than being lucky to hit jackpot in 07-08?
and still going strong and not fading away in it’s own past spot of luck?
arbit was formed by going all in on savings. The latter however has a wall of cash marbles.
Looking at the profit at IMC and Optiver the last three years haven’t been that crappy at all.
define ‘cash marbles’
if you look at industry leaders, it doesn’t give you the whole picture about the rest of the field, does it
even if you look at industry leaders, they were much ahead back in 07-08
what’s the reason tibra is dying if it hasn’t been crappy at all in last three years
marbles = rating system for bonuses. Longer you stick around, higher your marbles, thus higher your bonus.
The reasons tibra is dying have to be sought internally. It wasn’t the market.
regarding marbles.. i have a source who is a friend that used to work at optiver.. i might be mistaken so please correct if you know exactly. its been a while since my friend told me this
so at optiver the way you get bonus is two fold
as a trader, you can be lvl1, lvl2, lvl3 (partners i have no idea how that works)
lvl1 gets 100 marbles, lvl2 gets 400 marbles, and lvl3 gets 900 marbles
each marble is worth something that reflects how well the company is doing
finally, you get rated from 1 to 5 (1 being the best, 5 worst) by your supervisor in your annual review
most people get 3’s
if you get a 1, you get 200% of your allotted marbles
if you get a 2, you get 150% of your marbles
if you get a 3, 100%
4, 50%
5, 0%
(4 and 5 might be 75% and 50% but im not sure since you rarely hear of this instance)
optiver marbles system … still doesn’t explain how hilgers came to be a billionaire
prop investments mate, you don’t get rich shoveling shit for your boss or for your employer; you rack it up by getting muppets like you to do heavy lifting and allocating capital in right places, true capitalist style
define ‘The latter however has a wall of cash marbles’
how did you conclude poor market conditions wasn’t a factor for tibra’s decline?
can you rephrase this
‘arbit was formed by going all in on savings. The latter however has a wall of cash marbles.’
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