Quite some big news today. The Dutch high frequency trader Flow Traders is exploring an IPO. The firm is said to be valued over a $1.1 billion. The news broke just five days after Virtu announced to be reviving their IPO plans. It’s a bull market after all. Roger Hodenius and Jan van Kuijk foundedRead more
It has been a while, but the alleged code thieves at Flow Traders USA seem to be escaping from prison. Jason Vuu pled guilty to two counts of “unlawful duplication of computer related material” and two counts of “unlawful use of secret scientific material”. No petty crime, but felonies. Ever since the conviction of former GoldmanRead more
TOM has announced to shut down it’s stock trading venue. In a short statement, strange enough only available in Dutch, it claims the market share of retail stock orders is only between 10% and 20% of all shares traded. And with a market share of 1% in this segment, it’s a loss making operation. SoRead more
My earlier post on some negative sides of the new broker DeGiro, 9 things I hate about DeGiro, has drawn a lot of visitors. DeGiro kept on expanding to almost every European country – and by doing so all new customers ended up over here (hi). Even gave some interviews to newspapers in Poland andRead more
Monday February 9th 2015 the online broker Binck will open the books. The first earnings report after a quarter full of misery. Quite a few figures to check. The consensus is their profit will drop a lot compared to last year’s fourth quarter. I’ve bought a few dozen puts this week. Count on them toRead more
