Last year has been a profitable year for Optiver. CEO Paul Hilgers, who took over the helm six months ago, reported a profit of € 174 million over 2013. That’s 23% more compared with previous year. Trading revenue was up 26% to an impressive € 466 million. The expenses were up a few million as itRead more
Rumor has it Tibra Trading finally settles the conflict with Optiver. Eight years ago Tibra was founded by rebel Optiver traders in Australia. They allegedly took with them a serious chunk of source code of the proprietary trading software, called F1. The case has been dragging on for almost a decade, and included trips toRead more
Paul Hilgers will be the new CEO of Optiver, replacing Jelle Elzinga who announced this summer to retire on January 1st 2014. The German Hilgers is currently head of Optiver Australia. He previously worked for Van der Moolen in Amsterdam and Fortis Clearing in Sydney. Johan Kaemingk will stay in the board but will focus onRead more
The liquidity provider licenses used to be a closed shop at NYSE Liffe. Once a firm was “primary market maker”, quoting all available options in a certain class, they usually could hold on their quoting position forever. These quoting licenses were limited, usually only 3 for smaller stocks to around 5 for the bigger onesRead more
Declining volumes and market volatility – Optiver wasn’t hurt in 2012. The profits of the firm remained stable with 141,6 million, which is only slightly less than 2011 (159,9 million). CEO Jelle Elzinga stated the decreased volumes in the equity have been partly offset by new trading operations in the bond market. On the otherRead more
