There have been a lot of interesting job transfers involving trading firms IMC, Optiver and DRW. Looks a bit like the football transfer window – a lot of movement in January. The Premier League transfers will receive enough attention already. In contrast to the football pitch, most traders remain loyal for many years. Here are January’sRead more
The market tumbled on August 24, after the “black monday” in China. The Dow Jones dropped 1089 points intraday. Usually the “designated market makers” (DMM) at the Big Board take care of a fair and orderly market. In times of turbulence, there’s a fast market rule where the market makers can duck the regular trading rulesRead more
Rob Defares and Wiet Pot, both at the helm of IMC Financial Markets, will make a great jump on the list of richest men in the country. Forget the traders with a few million, Defares and Pot are in another league. On the annual Quote 500 rich list of Dutch citizens, Defares used to beRead more
When managing directors leave trading firms, it isn’t headline news. However, when Remco Lenterman announced to leave IMC, it’s even a news item on Bloomberg. Wilbur Ozzy The big difference is of course the social media activity on twitter, and as a spokesman for the FIA EPTA he caught a lot of airtime. Lenterman hasRead more
By order of the court, TOM and Binck are explicitly having a disclaimer on their website. It has been proven the execution for option orders isn’t always the best at TOM. This situation was a clear case with orders in stocks. DeGiro created clear examples where stock trading at Euronext could give better executions. IRead more
