In the world of Euronext and Eurex the market shares of individual market makers are well hidden secrets. The only detailed information the exchange is willing to give you is your own market share. And all right, they exchange is willing to tell you how you rank among the rest. But if you’re number two,Read more
I confess, in the light of the current market crisis and US downgrade this isn’t the most spectacular news. Market makers have been competing for the primary market maker (pmm) licenses in a few stocks. This head to head competition is always interesting, as the market maker with the best quoting performance is selected. ButRead more
During rainy weekends my favorite pastime is reading financial statements. Especially those from market makers such as Optiver. Firm has released their key figures to the press earlier, but here are the core financial statements (pdf). No surprises in terms of profitability, but it’s worth a closer look at employee compensation. Modest compensation for employeesRead more
Optiver’s chief Jelle Elzinga made a phonecall to the journalists from Financieele Dagblad. Even before releasing the official figures on the firm’s results on 2010 – he was happy to share the information with them. That’s new. Trading firms dialing the journalist phone number, instead of other way around. Jelle was in my voicemail too,Read more
The market makers in Amsterdam have a pressure group for defending their rights in discussions with governmental institutions like the trading watchdog AFM, the national bank DNB and all other sorts of (semi) government. Recently in focus was the proposed limitations in handing out bonuses to employees – talks are still ongoing. They don’t wasteRead more
