Monday February 9th 2015 the online broker Binck will open the books. The first earnings report after a quarter full of misery. Quite a few figures to check. The consensus is their profit will drop a lot compared to last year’s fourth quarter. I’ve bought a few dozen puts this week. Count on them toRead more
Somehow Binck reminds me of Van der Moolen in their last months. A listed company and a board which seems to have lost touch with reality. That’s nice when writing a kind of financial blog. Expected a quiet December, but voila : Binck. Time to get the popcorn. SOR functioning poorly Contender DeGiro showed credibleRead more
Online broker DeGiro surprised everybody today. On national television they came with the news TOM’s smart order router (SOR) doesn’t work very well. In fact, the guaranteed “best execution” proved to be fake. To make things worse, apparently a HFT firm has seen enough time to benefit from the trades. Research paper The Dutch pdf canRead more
This is not an advertorial. We have a new retail discount broker in town and their fees open up a whole range of possibilities. Difficult not to get enthusiast about DeGiro‘s fees in the option market of 85 cent per contract, where market leader Binck charges EUR 1.95. Suddenly, trading the Dutch option market isRead more
While I was still fact checking TOM’s claim over 20% of the option executions find a better price than Euronext Liffe – something bigger is released. Willem Meijer found a better price for TOM itself. The NASDAQ OMX buys a stake of 25% in TOM with an option to expand its stake to 50,1% (press release).Read more
