Optiver

Optiver was founded by Johann Kaemingk, Ruud Vlek and Chris Oomen{{Cite news |last=Winters |first=Patrick |date=9 March 2023 |title=Rookie Traders Are Earning $400,000 in One Unlikely Markets Hub |url=https://www.bloomberg.com/news/articles/2023-03-09/how-much-do-traders-earn-in-australia-some-new-graduates-get-400-000 |access-date=24 February 2024 |work=Bloomberg News}}{{Cite web |date=7 July 2021 |title=The green light for restoration and renovation of the Museum Prinsenhof Delft |url=https://prinsenhof-delft.nl/images/pers/PRESS_RELEASE_The_green_light_for_restoration_and_renovation_of_the_Museum_Prinsenhof_Delft.pdf |access-date=24 February 2024 |website=}}{{Cite web |title=Chris Oomen |url=https://andersinvest.nl/en/content-414 |access-date=24 February 2024 |website=Anders Invest}} on April 9, 1986, as a market maker in options on the European Options Exchange (EOE), which is now Euronext.{{Cite web |title=Optiver – About Us |url=https://optiver.com/about-us/}} Optiver is a member of the European Principal Traders Association (FIA EPTA), FIA Principal Trading Group (PTG) in the US and FIA Japan.{{Cite web |title=FIA EPTA Members |url=https://epta.fia.org/members}} In 2023, Optiver became the first market maker to join the Plato Partnership as a full member.{{Cite web |title=Optiver becomes first market maker to join Plato Partnership as full member - The TRADE |url=https://www.thetradenews.com/optiver-becomes-first-market-maker-to-join-plato-partnership-as-full-member/ |access-date=2024-03-07 |website=www.thetradenews.com}}

In November 2016, Optiver was reported to have joined a consortium to build a faster data transmission network between Chicago and Tokyo.{{Cite web |last=Lewis |first=Brian |date=11 November 2016 |title=Traders Plan Supercharged Chicago-to-Tokyo Network |url=https://www.bloomberg.com/news/articles/2016-11-11/speed-traders-said-to-plan-supercharged-chicago-to-tokyo-network |via=Bloomberg}}

In December 2017, Optiver joined with Equiduct to offer a one-stop shop for best execution.{{Cite web |date=20 December 2017 |title=Optiver & Equiduct offer best execution for equities and ETFs |url=http://www.automatedtrader.net/news/at/158538/optiver--equiduct-offer-best-execution-for-equities-and-etfs |publisher=Automated Trader Ltd |via=www.automatedtrader.net}}

In November 2018, Utrecht University and Optiver partnered to create an Algorithms in Finance course.{{Cite web |title=Optiver, Utrecht University partner on finance course |date=7 November 2018 |url=https://hollandfintech.com/2018/11/optiver-utrecht-university-partner-on-finance-course/}}

In June 2019, Optiver joined its US-based rival, Virtu, in funding Equiduct, a competitor to national stock exchanges and trading venues.{{Cite web |last=Agini |first=Samuel |title=High-speed traders Optiver and Virtu back EU trading venue |url=https://www.fnlondon.com/articles/high-speed-traders-optiver-and-virtu-back-eu-trading-venue-20190627 |access-date=2022-09-02 |website=www.fnlondon.com |language=en-GB}}

In April 2021, Optiver expanded further into the Asia-Pacific region with an office in Singapore, with a planned focus on commodity and equity products. It joined many other major financial services firms in doing so. The firm first made its presence in the region in Australia in 1996, then Taipei in 2005, then Hong Kong in 2007, and then Shanghai in 2012.{{Cite web |title=Optiver expands into Asia Pacific with Singapore office - The TRADE |url=https://www.thetradenews.com/optiver-expands-into-asia-pacific-with-singapore-office |access-date=2022-09-02 |website=www.thetradenews.com}} In 2022, Optiver opened a new London office which can house as many as 200 employees.{{Cite news |date=2022-06-01 |title=Dutch Speed Trader Optiver Opens London Office to Ramp Up Hiring Spree |url=https://www.bloomberg.com/news/articles/2022-06-01/optiver-opens-new-london-office-as-british-hiring-spree-ramps-up |access-date=2024-03-07 |work=Bloomberg.com |language=en}} A year later, Optiver moved into new offices in downtown Chicago, with room for as many as 600 people.{{Cite news |date=2023-09-27 |title=Trading Firms Make Contrarian Bets on Downtown Chicago Offices |url=https://www.bloomberg.com/news/articles/2023-09-27/trading-firms-make-contrarian-bets-on-downtown-chicago-offices |access-date=2024-03-07 |work=Bloomberg.com |language=en}} The firm has also joined other quant funds in expanding to India.{{Cite news |last=Yu |first=Xie |date=27 October 2023 |title=Global hedge funds are boosting their presence in the long-shunned Indian market |url=https://www.reuters.com/world/india/global-hedge-funds-are-boosting-their-presence-long-shunned-indian-market-2023-10-27/ |access-date=7 March 2024 |work=Reuters}}

In June 2022, Optiver joined Aquis Exchange.{{Cite web |title=Optiver joins Aquis Exchange - The TRADE |url=https://www.thetradenews.com/optiver-joins-aquis-exchange/ |access-date=2022-09-02 |website=www.thetradenews.com}}

In September 2022, the firm became the latest trading member on the Vienna Stock Exchange.{{Cite web |title=Optiver becomes latest trading member on the Vienna Stock Exchange - The TRADE |url=https://www.thetradenews.com/optiver-becomes-latest-trading-member-on-the-vienna-stock-exchange/ |access-date=2022-09-02 |website=www.thetradenews.com}}

Optiver trades on more than 50 exchanges and trading platforms globally.{{Cite web |last=Flanagan |first=Terry |date=2013-05-02 |title=Trader Profile: Optiver |url=https://www.marketsmedia.com/trader-profile-optiver/ |access-date=2024-03-07 |website=Markets Media |language=en-US}} In Europe, it is one of the three most active on-screen market makers in single-stock and equity-index derivatives at Eurex. Optiver was ranked as the third-biggest off-exchange market maker in European exchange-traded products.{{Cite web |date=2022-06-27 |title=Optiver overtakes SocGen and SIG in European ETF trading - Risk.net |url=https://www.risk.net/investing/7950906/optiver-overtakes-socgen-and-sig-in-european-etf-trading |access-date=2024-03-07 |website=www.risk.net |language=en}}

In the U.S., Optiver is a leading market maker for the Nasdaq 100, Russell 2000 and E-mini S&P 500 options contracts. It is one of the biggest market makers for Treasury options on the CME.{{Cite news |date=2022-01-10 |title=U.S. Treasury Options Suggest Calm After Rout, Market Maker Says |url=https://www.bloomberg.com/news/articles/2022-01-10/u-s-treasury-options-suggest-calm-after-rout-market-maker-says |access-date=2024-03-07 |work=Bloomberg.com |language=en}} The firm started making markets in FX options in 2017.{{Cite web |date=2022-03-29 |title=Optiver aims to gatecrash FX options private party - Risk.net |url=https://www.risk.net/derivatives/7943611/optiver-aims-to-gatecrash-fx-options-private-party |access-date=2024-03-07 |website=www.risk.net |language=en}}

Optiver is sponsor to chess GM Anish Giri.

For 11 days in March 2007, Optiver engaged in 19 instances of an illegal manipulation scheme known as "banging the close", with a minimum of 5 being noted as successful. It involves executing trades of large volumes near the close, with the intention of manipulating closing prices. The scheme was executed on 3 New York Mercantile Exchange (NYMEX) listed futures contract, including New York Harbor Heating Oil, New York Harbor Reformulated Gasoline Blendstock and West Texas Intermediate (WTI) Light Sweet Crude Oil.{{cite web|url=https://www.cftc.gov/PressRoom/PressReleases/5521-08|title=CFTC Charges Optiver Holding BV, Two Subsidiaries, and High-Ranking Employees with Manipulation of NYMEX Crude Oil, Heating Oil, and Gasoline Futures Contracts {{!}} CFTC|author=Commodity Futures Trading Commission|access-date=2024-01-04}}

Optiver factored in $19.3 million into its 2010 annual report towards this case.{{cite web|url=https://www.reuters.com/article/idUSBRE83J012/|title=High-frequency trader Optiver pays $14 million in oil manipulation case|website=Reuters |access-date=2024-01-04}} The case was settled in 2012, where Optiver was fined $14 million, of which $1 million was part of profit disgorgement. With effect for 2 years, Optiver was barred from trading any US oil futures in the last 3 minutes before close. Several traders were also handed out bans for trading commodities, ranging from 2 to 8 years in length.{{cite web|url=https://www.cftc.gov/PressRoom/PressReleases/6239-12|title=Federal Court Orders $14 Million in Fines and Disgorgement Stemming from CFTC Charges against Optiver and Others for Manipulation of NYMEX Crude Oil, Heating Oil, and Gasoline Futures Contracts and Making False Statements {{!}} CFTC|author=Commodity Futures Trading Commission|access-date=2024-01-04}}

• Market makers
• Proprietary trading

{{reflist}}

Category:Financial services companies established in 1986

Category:Financial services companies of the Netherlands

Category:Companies based in Amsterdam

Category:Privately held companies of the Netherlands

Category:1986 establishments in the Netherlands