Monday, November 19th, 2007...3:06 am
Van der Moolen shutting specialist business
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The move comes a day after SIG Specialists said it would stop being a specialist, leaving the NYSE with just five specialist firms.
(AP) - The outlook for the New York Stock Exchange’s iconic trading floor darkened considerably this week, as two of the exchange’s seven stock trading specialists decided to call it quits.
On Thursday, Van der Moolen Holding NV said it will close its NYSE market-making unit VDM Specialists USA after losing $16.5 million in the first nine months of the year.CrainsNewYork.com
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