So far for the dogs and gods, back to trading. The alternative exchange TOM has captured a large market share in the options market. Especially in the short term index options, Euronext Liffe lost more than half of their flow to their rival. Futures underlying for options Monthly options on the AEX index are usuallyRead more
As a follow up on last post, just found this youtube video of my pal Tim van der Vliet, the trader who turned yogi. Also starring Ewald Engelen, and English subtitles are embedded. No matter to which extent you (dis)agree with the opinions shared in the video, you must admit this is a professional piece ofRead more
With the shut down of the open outcry trading in Amsterdam end of 2002, a lot of young men suddenly lost their job. Their game of trading didn’t exist anymore. Trading options on the screen turned out to be a whole new ball game. Time for a career switch. Some retired, other traders found aRead more
There’s a new movie coming up about a rogue trader, not surprising after all those Adoboli’s and Kerviel’s last years. Even better, it’s a Dutch movie, not surprising with all the Dutch trading firms ruling the global markets (ok, just kidding). Had the opportunity to have a coffee with the guys behind “Onbeperkt” (“Unlimited”). TheirRead more
Just two months ago DRW Trading sued the CFTC – in order to avoid being charged with rigging a certain future market. A technical story of different margin / collateral treatment of OTC derivatives versus listed futures in the fixed income world. Not really my cup of tea, but here are more details and background documentation.Read more
