In June 2008 the Dutch option powerhouse Optiver announced to team up with the biggest Dutch retail broker Binck to create their own marketplace. Retail clients of the broker would do all their option trading against Optiver, under the assumption of equal option quotes. Within the ruling of the MiFiD, the European markets directive, thisRead more
Avoiding mistakes is a rewarding trait for traders. Pressing the wrong buttons or trading with the wrong variables will invariably cost you dearly. A true source for self-hatred too. The same logic doesn’t count for the stock exchange themselves. Running an exchange shouldn’t be regarded as rocket science. Open your trading pit or computer systemRead more
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
