The liquidity provider licenses used to be a closed shop at NYSE Liffe. Once a firm was “primary market maker”, quoting all available options in a certain class, they usually could hold on their quoting position forever. These quoting licenses were limited, usually only 3 for smaller stocks to around 5 for the bigger onesRead more
Didn’t arrive as a surprise. Euronext Liffe sues The Order Machine (TOM) for trademark infringements with respect to the options introduced on the AEX index. Euronext is the owner of the AEX index, and doesn’t allow other exchanges to introduce derivatives with AEX as underlying value. As of January 2013 the index options on AEXRead more
First of all, a merry Christmas to all of you. And to stay in the mood, just read about the top seven financial donors to the city of Amsterdam. Charity is a good topic for today. Number five on the list, right behind the ultra wealthy folks from Heineken and TomTom : Allard Jakobs. TheRead more
Threw my orange jersey in the garbage can. After the painful defeat against the Germans, there’s more important football on our schedule. Not in a distant Soviet state, but in the cozy village of Abcoude the ninth edition of the Financial Football Tournament will be held. The well known trading software provider ORC has stepped in asRead more
Heralding trumpets. Pat myself on the back. Told you so. Twice. As everyone in de business knows, All Options lost their shirt in 2010. Majority of staff axed, and the firm retreated to their small office on the Herengracht. Full scale cost cutting. The numbers are in for the personal holdings of the man whoRead more
