A little bit outside of the scope of this website, but Imtech has been the talk of the town lately. We’ve seen a fat finger trade, claim/stock arbitrage and rumors about firms making or losing millions in the meantime. The 131:1 rights offering has been a text book example of a messy finance operation. RetailRead more
Proud to publish a guest post by Alexandre Laumonier, which appeared earlier on his website sniperinmahwah.wordpress.com. As an anthropologist he is connecting all the dots in the microwaves networks – using public information on communication towers and dishes in Belgium. Reading official documents, visiting the towers and knowledge of microwaves networks for high frequency trading :Read more
A lot of discussion in the option market of Imtech. The troubled company with a billion debt will start a rights offering worth EUR 600 million. The offering if fully guaranteed by a consortium of banks. As the current market cap of the company is some modest EUR 200 million, the dilution will be heavy. New rights willRead more
The European branch of Texas based high frequency firm RGM Advisors is shutting the doors. The European office was based in London, and the firm is still a member of LSE, Liffe, Euronext and Eurex. Those memberships will be terminated. RGM is around since 2001, and the company is named after the founders (Robinette, Gorelick,Read more
Big news from the clearing business. InterContinental Exchanges, ICE, has bought the majority of Holland Clearing House from ABN AMRO. The clearing house HCH has been created by ABN AMRO to clear the trades on TOM. ABN AMRO remains a minority shareholder. End of June Euronext was spun off from ICE by an IPO. Apparently, theRead more
