Less than twenty years ago, a trading jacket and a badge was all you need to trade at the option market. During the open outcry era, youngsters fresh from secondary school showed up in the pit. Some did remarkable well without a university degree. They started on the trading floor aged 18. For instance, there’s thisRead more
It has been a modest-kept secret for some time. Remco Lenterman will join the London office of Citadel. As soon as he is ready tending his garden (when non-compete expires). He left IMC back in August 2015. Earlier he worked for Kempen & Co and of course Goldman Sachs. He started for GS somewhere in theRead more
The current markets make trading amazing. I predict the first quarter results of KCG, Virtu and Flow Traders will be spectacular. Shares of Optiver changed hands for €2000 – up from €1600 in 2015. “Our firm is made for this kind of market”, said CEO Doug Cifu after the August 24 stock rout. And regretted his remarkRead more
There have been a lot of interesting job transfers involving trading firms IMC, Optiver and DRW. Looks a bit like the football transfer window – a lot of movement in January. The Premier League transfers will receive enough attention already. In contrast to the football pitch, most traders remain loyal for many years. Here are January’sRead more
DeGiro secretly charged customers for transactions at foreign exchanges. There’s a line in the fee schedule nobody ever heard about. It says “Setting up trade possibilities” (pdf). This means doing transactions at an exchange abroad comes at a small extra cost. Once you do a transaction at a foreign exchange, you will be charged a fixedRead more
