A P/E for 2000 lower than 7, to compare take LaBranche (LAB) with a P/E more than double, while profits of Van der Moolen are much better.
Pleace check out the website www.vandermoolen.com
Van der Moolen specializes in trading equities, equity options, equity index options and, to a limited extent, fixed income instruments. The firm, founded in 1892 as a 'hoekman' on the Amsterdam Stock Exchange, is active as a specialist or market maker on eight different exchanges in Europe and the United States. Van der Moolen's revenues derive from bid/ask spreads, proprietary trading and floorcommissions, and are earned from an average of 55,000 transactions executed daily on behalf of professional market counterparties such as banks, brokerage firms and institutional investors. Van der Moolen characterizes itself as an 'all systems trader', active in a wide range of trading systems and several different time zones.
On June 1st, Van der Moolen, the Amsterdam based international specialist and market maker, closed a transaction by which it acquired the New York Stock Exchange specialist Fagenson, Frankel & Streicher. This acquisition definitively places Van der Moolen among the five largest N.Y.S.E. specialists. It thereby raises its market share to about 10% of the N.Y.S.E. daily transaction volume.