Euronext announced today to slash the tick size in stock options, of which the underlying shares are components of the AEX index. Options with a premium lower than 5 euro will be traded in increments of 1 cent. This means a whole new battlefield with new trading tactics. After ten years of talking, the newRead more
Last round of play offs for the primary market maker licenses ended last week. In nearly a dozen option classes the traders have been trying to quote as tight as possible for two months. The best liquidity provider wins. It wasn’t IMC so send the tightest quotes. IMC lost play offs. All of ‘m. TheRead more
NYSE Euronext can’t marry Deutsche Börse. That’s good news for anyone interested in competition. And good news for the staff at both companies, which would have been axed by numbers. As brought the news here in december 2011, Euronext will start a cafe on Beursplein 5. It has now been confirmed the bar will be runRead more
Euronext raised fees for small market makers. After three weeks in business, the decision is cancelled again. The preferential class fee scheme for market makers has been removed from the price list as of December 1st, and the fees for market makers without liquidity provider roles doubled. Apart from not understanding the economic need toRead more
Some pretty local news now. Like I said before, Euronext has problems. It employs too many people, its hands are tied to political and national demands and is unable to compete against new contenders. There is only one bright spot. The traditional exchange building on Beursplein 5 is a marketing dream. The Occupy moment underlinesRead more
