Declining volumes and market volatility – Optiver wasn’t hurt in 2012. The profits of the firm remained stable with 141,6 million, which is only slightly less than 2011 (159,9 million). CEO Jelle Elzinga stated the decreased volumes in the equity have been partly offset by new trading operations in the bond market. On the otherRead more
Last year’s profits at IMC Financial Markets have been 78 million, roughly half of the results over 2011 (162 million). Trading revenue was down to 342 million from 470. Nevertheless Rob Defares was happy with the results. According to him the markets are getting more professional with less margins, but with new technological investments theirRead more
In a local newspaper in The Netherlands, next to advertisements of sex phone numbers and criminals on the run : there’s mail for Richard Edward Den Drijver. Insurance company ASR used to have nearly 6% stake in Van der Moolen before the firm went bankrupt. The Enterprise Chamber judged Richard den Drijver has ruinedRead more
A few years ago, after Van der Moolen filed for bankruptcy, seven new firms were created by former VDM traders. Two of them folded in recent years (Alphabay in ’10, Aespen in ’11) and this week another one threw in the towel. CIT, or Cologne Independent Traders, was a company build on the remains ofRead more
There’s a new interesting rich list in our favorite magazine Quote. Even better than the usual Quote 500 list – with most “traders” being investors at the right time and place. Early founders in Optiver and IMC. The new list was published in the May June edition, and is a ranking of self made millionaires underRead more
