Love is all around us this December. Getco buys Knight. NASDAQ buys TOM. Afraid to be alone with Christmas, ICE responds with buying NYSE Euronext. Well, they aren’t really after Euronext nor NYSE : the derivative trading business Liffe is the crown jewel. Time flies. Back in 2000 Euronext was formed with the merger ofRead more
A small victory for The Order Machine / TOM. Conform all expectations, NYSE Euronext is forced to allow TOM as a member on their derivative exchange. Even Euronext saw the rain coming, and agreed to accept TOM as a member of the exchange. Didn’t even bother to wait for the court. The expensive legal proceduresRead more
Difficult times for NYSE Euronext. The former monopolist recovered some percentage points in market share against BATS Chi-x, but trading volumes have declined. In the option market the serious competitor TOM is gaining speed – market share of 29% in ASML options last week (pdf). That’s a lot. The old exchange came up with newRead more
In the option market, the market makers are quoting options to capture a profit from the bid-ask spread. Apart from this, sending bids and offers to the market serves another practical goal. Euronext Liffe is charging less when you are providing liquidity to the market. It’s not unusual for a lot of market makers toRead more
NYSE Euronext has got a twitter account. I’m a follower too, but I never noticed much interesting tweets. While it could have been a fine way to communicate about the regular trading interruptions. Found by accident, Twitter itself brands the exchange as similar to Comedy Central. That’s money well spent, to be branded as aRead more
