The alternative options exchange TOM is gaining speed. Last thursday the ten millionth option contract traded and market share climbed to 28% percent of the combined Euronext / TOM volume. However, it’s striking both exchanges agreed on ignoring the big elephant in the room. Increasing market share First, the good news. Over time, clients ofRead more
While the introduction of options on Twentsche Kabel is still in progress, Euronext announced to introduce a new class of options, on Gemalto. And they are in a hurry. Trading will commence on July 25th, and market makers can apply until July 18th. Gemalto is the opposite of Twentsche Kabel. Don’t know much about thisRead more
Confusing times. Both TOM and NYSE Euronext claim victory after the court ruling on the AEX Index options today (Euronext, TOM). However, it’s not rocket science. The court has clearly decided in favor of The Order Machine, TOM. Euronext bites the dust The old exchange lost 30% of their market share to TOM in theRead more
Interesting interview with The Order Machine’s CEO Willem Meijer this weekend in Het Parool. Although this newspaper is focused on Amsterdam, interviews like this would usually be published in Het Financiele Dagblad. Anyway, Meijer – with a new rebel look – has got something to say. Things are going fine with TOM. The market shareRead more
Didn’t arrive as a surprise. Euronext Liffe sues The Order Machine (TOM) for trademark infringements with respect to the options introduced on the AEX index. Euronext is the owner of the AEX index, and doesn’t allow other exchanges to introduce derivatives with AEX as underlying value. As of January 2013 the index options on AEXRead more
