Why Cees Vermaas left Euronext
Surprising news last Friday. Cees Vermaas suddenly announced to leave Euronext – with immediate effect. The CEO of Euronext Amsterdam didn’t give a reason for his departure, nor did the exchange. In general, a reason to be suspicious. Apparently the man is moving to competitor CME – as the new head of the European branch. C
The landscape of exchanges in Europe is getting increasingly fragmented with a dozen of exchanges chasing a part of the pie. However, Chicago Mercantile Exchange isn’t one of them. A powerhouse in the USA, it has no presence in Europe yet. Just opened their doors in London, and are aiming for forex products mostly.
French take over Euronext
Question remains, why would a member of the board of an established exchange jump ship? Checked a few sources. Off the record, people confirmed the French are taking over Euronext. Nobody of the Dutch former senior management has been able to get a position in the group. Everybody reports to Paris. Political games played all over the place, and no feeling with the Dutch market.
The Dutch HR director is forced out, the Dutch retail team will be liquidated. Well, sources can understand “Cees didn’t enjoy working there anymore“. Add a job offer by the boys from Chicago and well negotiated exit terms in his contract : done.
management change, people leave, nobody cares, really
Girlfriend…..
whose Girlfriend?
what about her?
sometimes a man just wants be near his girlfriend….
“Cees didn’t enjoy working there anymore“
and who’s fault is that?! his own!
the guy didn’t defend the Amsterdam branch against the French when ICE decided to drop Euronext… same story as KLM vs AFA.
he should take his old job at Videoland again.
His function has been ceremonial for a while. Allegedly he was called the museum director because all other duties had been taken over by the French. His highlight of the day was chiming the ‘beursgong’. He’s cashing out and is leaving a sinking ship (and the remaining demotivated staff) like the bloody opportunist he’s ever been.
it’s not always about defending one branch vs another, if your branch is not making money, then it needs to be closed?
can you give more details on what happened in these two instances
‘ICE decided to drop Euronext… same story as KLM vs AFA’
Where does his girlfriend live? Where is CME office where Cees would be working? Where is Euronext office where he was working?
what’s wrong with cashing out or being opportunist, would you leave your money behind or say no to a great new gig?
if your branch is not making money…
Amsterdam is making less and less, but Paris is worse.
But hey, they’re in power now!
what’s the point in being power of dying business? He did well in getting out and getting on with his miserable life?
since when did useless Cees Vermaas and stupid exchanges became worth a whole article on a trading blog, jack is bored from vix at 10
who has got 200% market share?
http://www.bloomberg.com/video/iex-s-katsuyama-on-hft-full-exchange-ambitions-B0MB~4T7SIiBquvLC8nbLQ.html
Eventually the best technology wins. Only a matter of time before Eurex takes over all the business in EU.
okay, if euronext comes to end soon, how is cme technology compared to that at eurex?
Eurex has the best technology!?
You need tot connect tot all their gateway’s (40 or some) which will cost ya.
If you don’t you will be smashed by a competitor who’s connected tot the fastest GW.
How’s that for ‘best technology’?
define ‘best technology’
Another dying breed. NYSE DMM by Scott Knudsen. IMC to Become DMM on NYSE: http://youtu.be/uoE4QSXqQSw
Unless you want to pretend that you’re a non-Flash Boy
why do you say dying? being the DMM basically gives you the right to trade on quotes without quoting any size. perfect for the IMC “me too” model. IMC stands to gain a lot by putting a blowup doll on the NYSE floor.
boy scott is really blushing in front of the hot BA, has he not seen good looking women before? joe on the other hand is drinking his own cool-aid, unique nyse offering my ass, when the time comes to provide liquidity, IMC would be the first out of door
how would gs and imc partner to give this unique nyse offering, lol, gs would give its middle finger that imc can hold on to and that be the usual gs partnering mentality
can people stop posting links to stupid imc videos or imc bonus lists pls, nobody cares, really
IMC thinks they bagged the elephant. Optiver thinks ‘winners curse’ best avoided business.
and still nobody cares, wow
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Did you mean: Anonymous
Why does Scott have to tell the pretty lady where Zug is located. Does he think she is dumb because she is hot. Ignorant Dutch. Wait Scott is an American who thinks he is Dutch. Ignorant nonetheless.
Perhaps it has to do with the fact that Scott understood that he was targeting an American audience rather than talking only to the presenter. And since many Americans think Denmark is the capital of Berlin, Scott’s geographical help is perfectly understandable. Honestly, what percentage of the American population could point out Switzerland, Germany or France on a map? As of 2012, 64% of Americans don’t have passports and are confined to the USA. BTW I would have trouble telling North Dakota from Montana on a map and I’m not embarrassed to admit it.
zug aint london/paris/berlin, heck it ain’t even zurich, so people need to told what it is, doesn’t matter if they are american people or otherwise
what’s wrong with you, can’t you for once get out of your own ego bubble and step in the shoes of normal people, the ordinary people
anyways, moving on from stupid videos of the has-been imc to little bit more successful, no not optiver, the chicago big-boy, citadel, here’s mr griffin’s take on hft
http://video.cnbc.com/gallery/?video=3000298623
leave alone other mm/hft, he’s now going after banks’s otc flow, the bread n butter ir derivatives
What is a normal or ordinary person?
The show had an audience who are in the financial world. Not an audience who watch Big Brother. So the financial audience certainly know Zug and don’t need to be insulted by a former Abrcrombie and Fitch sales boy.
Nuffield said.
well, not all non-imc, non-swiss ordinary/normal financial folks know zug, heck those folks barely know imc, leave alone its select swiss office location, so again, come out of your ego bubble, and step into shoes of normal/ordinary financial folks
and if you are going to go in direction of financial people being ‘all-knowing’, well then they probably don’t even need to watch the stupid imc video to begin with, they already know why gs sold and why imc bought, so if somebody is watching that stupid video, he/she probably wants to know what the heck is imc/zug
Nuffield say more
I didn’t even know where zurich was until you guys brought all that up.
that’s okay, some genius stuck up in his own ego bubble would call you clueless, but that’s okay too
Well, xstrata and IB have offices there too. I’m non-IMC but any normally educated European slightly linked to intl business should know this from general knowledge. Compare to ‘Cupertino’.
you can’t define ‘normal’ within your head, the point, maybe your ‘normal’ is not-so normal, have you ever thought of that possibility?
can you rephrase your point about ‘Cupertino’
Cupertino – Apple
yes genius, can you rephrase the actual phrase ‘Compare to ‘Cupertino”, not just rephrasing one word i.e. ‘Cupertino’ to ‘Apple
You dumbass, let me spell it out for you all lazy motherfucking trolls
If you haven’t been living on the moon for the last 20 years you should know that Cupertino is where the goddam headquarters of Apple are located.
Apple, an overpriced company that makes commodity hardware.
Not the fruit.
inb4
Mountain View – Google
Redmong – Microsoft
‘an overpriced company that makes commodity hardware’ is bit of an opinion, not a fact, that aside
can you rephrase the actual phrase ‘Compare to ‘Cupertino’ in the actual comment
‘Well, xstrata and IB have offices there too. I’m non-IMC but any normally educated European slightly linked to intl business should know this from general knowledge. Compare to ‘Cupertino’’
also why are you using the slang ‘inb4’, is that some other genius of yours lost on this dumbass
inb4
Generally used on internet forums, inb4 refers to a user posting a reply to a message/topic “before” another user posts an obvious response. When used appropriately, inb4 is followed by a word or short phrase that the user knows will eventually appear in the topic conversation.
Jonny113: Jiraiya would beat the crap out of Itachi.
Steven387: inb4 MS
Mike128: You know Itachi has MS, so Jiraiya doesn’t stand a chance.
btw it’s redmond, though you can blame it on a simple typo
Ah he was right about using inb4 on Redmond, he is genouuss