Menu

Why Lenterman left IMC

8 comments / August 6, 2015

RemcoLentermanWhen managing directors leave trading firms, it isn’t headline news. However, when Remco Lenterman announced to leave IMC, it’s even a news item on Bloomberg.

Wilbur Ozzy

The big difference is of course the social media activity on twitter, and as a spokesman for the FIA EPTA he caught a lot of airtime. Lenterman has also taken a shot at google plus, secretly under the name of Wilbur Ozzy. But forgot that using his true mail address wasn’t giving a lot of cover.

Read more

,

Disclaimer at Binck and TOM

0 comments / August 5, 2015

By order of the court, TOM and Binck are explicitly having a disclaimer on their website. It has been proven the execution for option orders isn’t always the best at TOM.

This situation was a clear case with orders in stocks. DeGiro created clear examples where stock trading at Euronext could give better executions. I always maintained there’s not much wrong with options on TOM – apart from the statistics. So what’s the big deal here?

Read more

, , , , ,

Deutsche Boerse buys 360T

10 comments / July 26, 2015
360T Chainsaw

My 360T chainsaw

Summit Partners sees the peak of the financial market. Sold their stake in Flow Traders two weeks ago, now they are selling forex trading platform 360T in an auction to Deutsche Boerse.

3rd largest FX spot market

While 360T may not directly ring a bell to everyone, it’s one of the largest independent (=non bank) foreign exchange platforms. They are said to trade 100 billion in the forex spot market every day. Ranking third in the global market after Reuters owned FXAll and FX Connect – and just ahead of Bloomberg.

Read more

, , , ,

TOM and Euronext claim victory

7 comments / July 23, 2015

Jeuj gewonnen!This Wednesday there was a decision in the Court of The Hague in the never-ending story of lawsuits of Euronext against TOM. It’s a long read, but if it’s your thing you can find the (Dutch) ruling here.

Very confusing. Both exchanges claimed victory. To me it seems like a draw. To cut a long story short, Euronext won a few points. But almost all of these points are matters from the past. Nothing will change.

Read more

, ,

Flow Traders’ opening bell

15 comments / July 21, 2015

FlowTraders-nI wasn’t too enthusiastic about the long term prospects of investing in Flow Traders. A quiet and boring year at the stock market would probably crush their earnings. Then again, it’s a well run firm which could surprise everybody.

Anyway, the IPO was priced at the lower end of the range at €32 – while the IPO was oversubscribed multiple times. Stock jumped on the first day with some 12%, meaning they left a lot of money on the table. Stock continued to rise to €38.  Given it’s only a small stake, it’s more important to be a “success” than running the risk of a failed IPO (with a few extra initial millions)

Read more

,
Newer
Older