Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Hi Ken-

I also watch LAB and fellow NYSE specialist Van Der Moolen.

Besides the obvious NYSE investigation and pending fines, the whole specialist regime is under attack. We shall see what happens.

Specialists do not make much revenue from commissions. LAB and VDM profit from providing liquidity to the market ... the high level of program trading and low level of intra-day volatility make for tough conditions.

VDM has great quarterly slide show presentations. I suggest you check out their website and see the Q2/03 presentation. It's a nice introduction to their business model.

ET

Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement