Wholesale brokers AFS and IWB agreed to merge their operations. The firm will continue under the flag of AFS. The brokers from IWB will join their former competitors in the exchange building. No idea on the details on the deal, but expect to read it in the papers tomorrow. Back in the good old daysRead more
You’ve got to give them credit for this – the public relations department at Euronext is doing a great job. Confronted with a problem (empty trading floor), solving the problem (new tenants) and presenting the affair as great news ; “traders returning in numbers to Beursplein 5“. Royal princes Maxima will sound the opening bellRead more
Outsiders usually have difficulty distinguishing a broker from a market maker, and this time it’s no different. Strange thing is even Euronext is confused. Every firm is a trading firm. Wouldn’t surprise me if some people at Euronext have the title “trader” on their business cards themselves. Anyway, the trading floor at the exchange building wasRead more
Real estate firm Phanos is definitely experiencing difficulties in the struggle for survival. It didn’t pay interest on their bonds. Generally speaking not a very positive signal. That’s bad luck for FC Utrecht and their players. Anyway, apart from sponsoring a football club and doing some real estate business – there’s a relevant angle onRead more
It has been for a while now since the tick size in Euronext’s options have been lowered to 1 cent in the options with lower premiums. This “premium based tick size” is into effect since June 2009 and expanded per April ’10. The profit margins have been under unprecedented pressure. On the other side of theRead more
