The only listed Dutch trading firm Van der Moolen has settled charges for improper trading within its US specialist unit back in 2004. It has sold the US specialist activities in December 2007 to the prestigious Lehman Brothers. One would expect this would end the stream of legal problems for the troubled firm. Wrong, accordingRead more
Twice a year Euronext is auctioning licenses for market makers in options. The market makers don’t have to pay for the right to send their quotes, they just have to fulfil their duty. The right to send quotes to the market is granted to the market makers who commit themselves to the tightest bid-ask spreads.Read more
Financial trading firms are notoriously secretive, and won’t release any information on their trading activities unless they are forced to do so. The only listed trading firm in Amsterdam, Van der Moolen, had to present their figures on 2008 results today. Apparently the chairman didn’t want to share any information at all, as their resultsRead more
