Van der Moolen, the Dutch market maker and broker that unsuccessfully tried to transform itself into a high frequency trading shop after being muscled out of the US market by increasingly algorithmic-focused competition, on Thursday filed for bankruptcy.
The bankruptcy of VDM can be attributed to a combination of factors that appeared in a period of a number of years: big losses in the US, unsuccessful new initiatives like Online Trader, decreasing revenues in connection due to the financial crisis and a cost pattern that structurally exceeded the benefits.
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The bankruptcy of VDM can be attributed to a combination of factors that appeared in a period of a number of years: big losses in the US, unsuccessful new initiatives like Online Trader, decreasing revenues in connection due to the financial crisis and a cost pattern that structurally exceeded the benefits.
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