Posts tagged as: abn amro
ABN AMRO Clearing Bank is a household name in the trading industry. For trading firms, it clears 2.4 billion trades a year, on 90 exchanges. It’s the largest clearing bank in Europe. In fields as small sized market makers the bank has a monopoly. They would ditch the small clients if they could. In the world, ABNRead more
The Belgian government proposed an hilarious tax two months ago. Short term profits will be taxed (33%) for retail investors. Losses aren’t taken into account. The idea is the capital markets are bad, just like smoking or alcohol. Slowly, details emerge. All exchange traded instruments are assumed to be within the scope of the tax.Read more
Today is the big day. ABN AMRO will go public again. Unsure yet about the IPO price, the opening level and other details. Will be available everywhere and will even hit the evening news. In the Netherlands this public offering is a big thing. My taxi driver and the cleaning woman are confident. Signing up forRead more
Breaking news from The Order Machine, or TOM for friends: Founders Optiver and Binck invited another firm to join the party. ABN AMRO Bank is acquiring a 25% stake in TOM and the new powerful shareholder will join the board. Currently, ABN AMRO is already acting as clearing member for trades on TOM. The pressRead more