Developments in greater China. The combined leftovers of Saen / All Options / IMC in Hong Kong has been sold to a Taiwan powerhouse. Headed by Ralph van Put, these (mostly) Dutch derivative traders were combined in the firm True Partner. They want to be a true friend of everyone, doing everything. Asset management, software development, low latencyRead more
Last post I mentioned a few local market makers which left the building. Calimero and Wintrading couldn’t earn a living anymore. Rising costs, higher risks and lower profits. Calimero never had a losing year by the way. Back in the good old days of the open outcry trading the market maker landscape was completely different.Read more
Dull trading lately, moving on to 2011 in a very slow pace. Not much happening apart from some spikes in the futures. Just between enjoying the Christmas dinners and showing off with fireworks next friday, there is some small news. Well, it ain’t exactly news as it won’t be a surprise to most readers andRead more
The year 2009 is almost gone, and trading has been fairly quiet as usual during the last weeks. Plenty of time to look back on the events of 2009. All Options to buy Saen Options One of the few main events this year happened straight in the first month. January 28th the market maker AllRead more
Allard Jakobs gave an interview to the Dutch financial newspaper Financieele Dagblad. After some overly ambitious mission statements (world power), he commented on his recent acquisition of rival Saen Options. Most executives would remain cautious, politically correct and avoiding stepping on toes. Not in this case, and it turned out to be a highly entertainingRead more
