October is not only the month of legendary stock market crashes, also time for updates from Euronext on who’s who in the option markets. Here’s the overview of all stock options with the market makers providing liquidity. Some new firms joined, some others left. Won’t surprise you only two new entrants to game. New entrantsRead more
In the nineties, the trading in futures on the Bund was mainly concentrated in London open outcry pit of LIFFE. Suddenly, the Deutsche Terminbörse appeared with an electronic trading platform and almost overnight captured all market share in the bundfutures mid 1997. When this happened, Willem Meijer was in the fixed income business. Now Meijer is leadingRead more
In less volatile markets, IMC Financial Markets is still doing impressive with a profit of € 127 million over 2013. That’s 63% more than over 2012. The revenue was a nice € 403 million. Average pay €285k There has been some trouble in the past with the bonuses at IMC. Most of the variable cookie jar didRead more
Not afraid to admit it, I have read it first in the comments here. It has been confirmed : IMC has sacked 23 employees last Wednesday (April 9th). Some traders, some IT staff. That’s around 10% of the headcount in Amsterdam shown the door. Add up the folks who left after pocketing their bonus twoRead more
Suddenly a bucketload of news on IMC. First of all, Wiet Pot and Remco Lenterman have called their old pals at Goldman Sachs. Seems IMC is bidding 30 million for the floor trading business at the big board in New York. Maybe they’re keeping the specialists alive as main argument for HFT, it’s a kindRead more
