The liquidity provider roles have been auctioned again (pdf). Traders can sign on for competitive market maker (cmm, quoting some options most of the time) or more ambitious for primary market maker (pmm, quoting all options all of the time). It’s hard to judge whether or not quoting options gives a comparative advantage to otherRead more
It sounds like ages ago when Optiver was hammering the oil prices. It has been five years since the evil Hammer has been used in 2006, and court case is still dragging on. Here’s a perfect short official summary of the situation in 2006 to fresh up your memory. Love the quotes (“You should milk itRead more
There has been a traditional bit of competition between derivative markets Eurex and Euronext. Mostly for the sake of tradition and maybe a little bit for the European Union (look mother, we’re playing competitors). Loaded with employees, slow to adapt and absolutely unfit to combat lean and mean contenders, the exchanges look more like aRead more
A couple of weeks after the launch of the new rich list, the Quote 500, the researchers must have realized their estimates for some folks must have been way to optimistic. Any derivative trader could have told them of course. The 2011 edition of the Quote 500 will probably see Allard Jakobs tumbling down theRead more
Shortly after releasing very poor results, Optiver’s chief financial officer decided to throw in the towel and leave the firm. He has been employed by Optiver for just two years, and the secretive company released a small press release on his departure. Fact is Edwin van de Ven (1964) wanted to work somewhere else. AccordingRead more
