IMC Financial Markets is accused of failing to maintain a fair and orderly market on the NYSE. The Designated Market Maker (DMM) may have messed up the closing auction of the stock Versum Materials (VSM). The stock is spun off from Air Products & Chemicals (APD). The market maker allowed the shares to spike in the closingRead more
Small news on the transfer season in the trading business. People trading jobs and houses. Big houses in Amsterdam and Chicago. Willem Meijer to step down as ceo TOM The tall and likable Willem Meijer announced to step down as CEO of The Order Machine, TOM. He was behind the wheel for almost seven years.Read more
Almost precisely one year ago the Chinese market nosedived on “black monday“. Dow Jones opened 1000 points lower. The Chinese regulators were uncomfortable with the concept of free markets. The China Securities Regulatory Commission (CSRC) came up with a strange package of measures. The goal was to keep the markets from falling. Selling futures was ill-advised, trading volumeRead more
IMC Financial Markets released their annual profits and trading income last Wednesday. The trading income rose 12% to €587 million. The net profit rose with the same percentage to €185 million. That’s €20 million more than 2014. Rob Defares didn’t split up where most of the money was generated. But it’s no secret the US trading businessRead more
It has been a modest-kept secret for some time. Remco Lenterman will join the London office of Citadel. As soon as he is ready tending his garden (when non-compete expires). He left IMC back in August 2015. Earlier he worked for Kempen & Co and of course Goldman Sachs. He started for GS somewhere in theRead more
