The liquidity provider roles have been auctioned again (pdf). Traders can sign on for competitive market maker (cmm, quoting some options most of the time) or more ambitious for primary market maker (pmm, quoting all options all of the time). It’s hard to judge whether or not quoting options gives a comparative advantage to otherRead more
It sounds like ages ago when Optiver was hammering the oil prices. It has been five years since the evil Hammer has been used in 2006, and court case is still dragging on. Here’s a perfect short official summary of the situation in 2006 to fresh up your memory. Love the quotes (“You should milk itRead more
There has been a traditional bit of competition between derivative markets Eurex and Euronext. Mostly for the sake of tradition and maybe a little bit for the European Union (look mother, we’re playing competitors). Loaded with employees, slow to adapt and absolutely unfit to combat lean and mean contenders, the exchanges look more like aRead more
Last week there were a lot of happy folks around in the Mittal crowd, largely thanks to an anonymous big spender who apparently didn’t read the manual (or the wrong one). Some fingers point at Timber Hill or Sig, but we will never discover where to send the flowers. Anyway, the Aperam spin-off has been trading forRead more
Between the champions league final and the world cup in South Africa lies another major football event. This saturday, the 29th of May, the annual All Options Football Tournament will be held again. All Options definitely deserves a lot of brownie points for organizing this tournament again, in cooperation with Eurex, KBC Clearing and Bennington.Read more
