New York Stock Exchange (NYSE) specialist trading firm Van
Der Moolen (VDM) has hedged against its exposure to the New
York exchange with the purchase of European equities and
derivatives trading outfit Curvalue.
A market analyst told FO Week that the Dutch firm
had purchased Curvalue in order to enhance its equities
trading, which has limited growth potential on NYSE, and add
derivatives to its portfolio.
The analyst said that VDM's core activity as a specialist on
NYSE was suffering due to squeezed margins, stagnating volumes
and low volatility. "There is some money made there but no
growth opportunities, so VDM has adopted the strategy of
looking at activities that are close to its core business but
offer more room for growth. Curvalue could a first step," he
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.