Online broker DeGiro surprised everybody today. On national television they came with the news TOM’s smart order router (SOR) doesn’t work very well. In fact, the guaranteed “best execution” proved to be fake. To make things worse, apparently a HFT firm has seen enough time to benefit from the trades. Research paper The Dutch pdf canRead more
Just ran into this highly entertaining weblog, Churning and Burning. A daytrader at a New York prop firm lost a few bucks in trading some OTC/Pink sheets stocks. Nothing new here, except for the fact he sure knows how to write. The hilarious MS Paint graphics are the icing on the cake. Although I do knowRead more
Didn’t see it coming when the news broke last Wednesday. Edwin van der Kruk, nicknamed Joop – since he looks like television mogul Joop van den Ende, left Optiver last month. Bigger news is Hans Pieterse leaves the firm as well. Hans Pieterse prominent figure More recent news is that Hans Pieterse left the building asRead more
Last month Euronext announced to cut fees for option trading for retail investors. In order to match TOM’s transaction fees, the fee was lowered from 40 cents to 31 cent per option. The question is always whether or not the brokers lower the fees to the investors, or are happy to keep the extra profitRead more
October is not only the month of legendary stock market crashes, also time for updates from Euronext on who’s who in the option markets. Here’s the overview of all stock options with the market makers providing liquidity. Some new firms joined, some others left. Won’t surprise you only two new entrants to game. New entrantsRead more
