Dutch alternative derivative exchange TOM is for sale. The shareholders agreed to sell the business. It wasn’t a well-kept secret. The rumour has been making rounds for a few weeks. Hans Pieterse is appointed with a mandate to sell it. It’s an interesting case (press release). Too many captains There are a lot of shareholders.Read more
IMC Financial Markets is accused of failing to maintain a fair and orderly market on the NYSE. The Designated Market Maker (DMM) may have messed up the closing auction of the stock Versum Materials (VSM). The stock is spun off from Air Products & Chemicals (APD). The market maker allowed the shares to spike in the closingRead more
Hans Pieterse will be the new CEO of the option exchange TOM. When Willem Meijer announced to step down, the speculation about his successor began. Interesting to see Hans Pieterse returning to the industry. He’s an expert in the derivative trading industry, has a great network and rich experience as manager. Optiver veteran, loaded
Why Geneva Trading bought Toji Trading is a strange story. Both firms are modest compared to the titan of the industry, but the takeover still has interesting details. The takeover was announced three months ago. Geneva Trading not in Geneva Geneva Trading is a Chicago based trading firm. It has an office for European operations inRead more
Small news on the transfer season in the trading business. People trading jobs and houses. Big houses in Amsterdam and Chicago. Willem Meijer to step down as ceo TOM The tall and likable Willem Meijer announced to step down as CEO of The Order Machine, TOM. He was behind the wheel for almost seven years.Read more
