Last post I mentioned a new Dutch community site for retail investors. It’s looking allright but is still seriously lacking critical mass. Anyway, the site is launched by online broker Binck/Alex and although they are evolving into a straight competitor of Euronext’s stock trading platform – the relationship between them is fine. In this columnRead 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
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
The joint venture of online retailbroker Binck and trading firm Optiver has changed plans. The new chief Willem Meijer isn’t afraid to admit the whole plan initially was intended to channel Binck’s retail flow into the books of Optiver with TOM, which stands for The Optiver Machine. The reason for this sudden turn-around isn’t quiteRead more
Binck and Optiver announced the introduction of their joint venture a week ago. Actually, both companies didn’t want to burn their fingers on this apparently legal deal to corner the market.They decided to hire a professional in selling the impossible message. Enter the public relations firm Carl Byoir & Associates. When you need an externalRead more
