Sprinters on NL20, on Euronext
Last month TOM released their own Dutch market index NL20. Nice for the regular newspapers who have another press release to copy-paste, and some goodies for the rest of the market. Orange sunglasses.
Truth is nobody cares about any new market index, as long as it can’t be traded. See for another irrelevant index the Telegraaf’s AEX DFT Oranje Index (nl). TOM isn’t in the market for launching another fake paper index.
TOM’s index NL20 traded on Euronext
ING will start today with Sprinters based on the NL20. Options and futures on the index will follow shortly – TOM is committed to make this work. Talks with liquidity providers are currently ongoing.
Sprinters are leveraged structured products, also known as Turbo’s (ABN) or Speeders (Citi). Here’s the catch : the new Sprinters on the NL20 index will be traded on Euronext. That must hurt. The attack on their profit center “index information” will be launched on their own systems.
No, this NL20 Sprinter won’t have a material impact on Euronext’s profitability. Not yet, at least. The index licenses will be doing fine this year. However, the timing is aggressive, with Euronext’s IPO coming next week.
No lower prices for retail investors
I always fancy the underdog, and support price competition. However, I haven’t noticed retail investors paying less fee than before at Binck/Alex. Option traders still save more money at a broker not connected to TOM.
hear, hear!
hail to DeGiro!!
Nah, DeGiro is unreliable piece of crap. Try it, and you will find out. Orders go missing, trades go missing etc.
Unbelievable they have a license from the AFM.
if it’s too good to be true, then it probably is
having said that, give them some time, it’s not possible to debug everything overnight
if the retail has no savings on tom and there isn’t any better execution likely, how is tom promoters hoping to attract flow?
the germans are playing better than the dutch this evening
what’s the offer on dax-aex spread tomorrow morning?
Do Degiro have an API?
yes, though you can’t connect through it at the moment
Best broker with API in the Netherlands?
Or should we just lobby IB to include more european markets
IB is your best bet
@11.01 what European markets does IB not offer? I have the impression that there’s no Dutch retail broker that offers access to a market IB doesn’t connect to.
IB has access to most which could be of interest, dutch retail broker can provide access to additional customized service and higher charges
Degiro works like a charm for me.
how abt saxo?
‘Degiro works like a charm for me’
Really, how do we determine that you are not bs?
how is IMC Amsterdam doing these days?
great, though opinions and pot sharing differs
DeGiro over binck
always +1
why?
Intertrust, bought by Blackstone some time ago to be listed on euronext
what’s the irr for blackstone?