Certain news isn’t important enough for a post on its own, but interesting none the less. Alphabay, the Van der Moolen spin-off including most higher ranked managers, has been axing their headcount. Approximately half the staff has been laid off, including the general manager. Earlier some support staff were fired in an attempt to cutRead more
Quote magazine and the comments over here have been a lot faster in reporting the free fall of Optiver’s profits. After a long series of steep rising profits, the company made a lousy 6.3 million EUR. To put it in perspective, that’s peanuts compared with 2008 (228m), 2007 (179) and also 2006 (99) and 2005Read more
One may have missed it easily, but last Friday during the July expiration three new classes have been introduced. The weekly options on Arcelor Mittal, ING and Royal Dutch. All innovations are usually received with a warm welcome by Amsterdam traders, as long as it is options on something liquid. The dividendfutures are still waitingRead more
Breaking news from The Order Machine, or TOM for friends: Founders Optiver and Binck invited another firm to join the party. ABN AMRO Bank is acquiring a 25% stake in TOM and the new powerful shareholder will join the board. Currently, ABN AMRO is already acting as clearing member for trades on TOM. The pressRead more
This weekend the website is undergoing some serious technical update – downtime is expected. Couldn’t imagine a better weekend to have it done, as the vast majority is at the beach or under way to the World Cup final. Speaking of the World Cup, a dozen of Dutch traders from remote areas as Hong Kong,Read more
