High Frequency Trading firms are usually shy about their business, except when filing for an IPO or even better when forced to appear in court. Not everyone in the industry will be familiar with Infinium Capital, but the diversified HFT firm is a Chicago household name. According to Larry Tabb the firm ranked in theRead more
Paul Hilgers will be the new CEO of Optiver, replacing Jelle Elzinga who announced this summer to retire on January 1st 2014. The German Hilgers is currently head of Optiver Australia. He previously worked for Van der Moolen in Amsterdam and Fortis Clearing in Sydney. Johan Kaemingk will stay in the board but will focus onRead more
Former director of the AEX Optiebeurs, Alan van Griethuysen, joined the alternative derivative exchange TOM. The news was announced today by the Twitter account of @TheOrderMachine. Usually a rather slow and dull twitter account – TOM is as internet savvy as my grandmother – but this time they brought some news. In their hurry theyRead more
Algo gone wild again in the Kospi index options in Seoul yesterday. The Korean broker Hanmag Securities confused calls with puts and did so in an automated matter. Their prop desk placed a program order right after market open. The story is : selling for a few KRW per contract, while buying for a fewRead more
The force of the pyramids strikes Amsterdam. Euronext Liffe will list options on OCI NV, an Egyptian company active in the production of fertilizers and the construction business. To my surprise this company, with current headquarters in Geleen, employs 75.000 people worldwide. Not tiny small cap, it’s a component of the AMX index and nextRead more
