Posts tagged as: AFS

AFS to pay for own mistrade, finally

50 comments / October 31, 2010

These days the margins in the derivative trading are very tight. Once upon a time, during the last days of the open outcry trading, the broker AFS made small mistake. With an order for 250 future rolls the broker messed up badly with a negative value of the future spread, instead of receiving 2.30, theyRead more

Rumour round up

14 comments / June 4, 2009

Most interesting market rumours leave room for a lot of imagination, but won’t fill an entire post – decided to mix everything together. AFS verus Phanos The board of the most prominent Dutch broker has been sacked by the main shareholder. FC Utrecht’s shirt sponsor and real estate company Phanos decided to get rid ofRead more

Dutch court: Euronext to pay for broker mistake

7 comments / February 4, 2009

In electronic derivative markets, erroneous order entries are common. Confusing price with quantity, accidentally leaning on the immediate sell buttons or setting automated trading functions in motion while experimenting with different parameters, messing up calls and puts – painful. These fat finger trades can definitely ruin your day, your career or even worse. No softwareRead more

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