October 09, 2007 01:27 ET

Van der Moolen and GSFS Asset Management announce cooperation

AMSTERDAM, NETHERLANDS--(Marketwire - October 9, 2007) -


Van der Moolen and GSFS Asset Management announce cooperation

Van der Moolen Holding NV (VDM) and GSFS Asset Management BV (GSFS) are pleased to announce that they have reached an agreement to cooperate globally with traditional proprietary arbitrage trading and structured products trading.

VDM is an international securities trading and brokerage firm active in securities, futures, derivatives indexes and exchange traded funds, on the important securities exchanges in the United States and Europe.

GSFS Asset Management specializes in securities finance solutions, consisting of securities borrowing and lending, structured products and proprietary arbitrage trading. GSFS Asset Management was established in February 2006 and has offices in the Netherlands, Denmark, Italy, Malta, Dubai, Hong Kong and Singapore.

Richard den Drijver, CEO of VDM: "Through this cooperation VDM will be ideally placed to leverage its trading activities worldwide. We are happy to work with an industry specialist with such an esteemed track record."

Frank Vogel, CEO of GSFS: "This cooperation is the start of a new era in the securities finance industry and we are proud to be part of this."

The cooperation includes the activities in Asia which will enable VDM to set a footprint in this region.

For more information about Van der Moolen, please visit or contact Investor Relations/Corporate Communications, telephone +31 (0)20 535 6789.

For more information about GSFS, please visit or contact Frank Vogel, telephone +31 (0)20 446 6592.

Van der Moolen trades on the leading US and European equity, option and fixed income exchanges. The group trades in open outcry and electronic markets in several time zones. On the NYSE, Van der Moolen currently has a market share of nearly 11% of transaction volume for which it acts as specialist. Van der Moolen's traders worldwide execute an average of 100,000 trades a day. Turnover and price volatility are the most important factors influencing its results. Van der Moolen's shares are listed on Euronext Amsterdam (VDMN.AS). American Depositary Receipts (ADRs) representing Van der Moolen shares are listed on the NYSE (VDM).


This press release contains forward-looking statements within the meaning of, and which have been made pursuant to, the Private Securities Litigation Reform Act of 1995. All statements regarding our future financial condition, results of operations and business strategy, plans and objectives are forward-looking. Statements containing the words"anticipate,""believe,""intend,""estimate,""expect,""hope," and words of similar meaning are forward-looking. In particular, the following are forward- looking in nature: statements with regard to strategy and management objectives; pending or potential acquisitions; pending or potential litigation and government investigations, including litigation and investigations concerning specialist trading in the U.S.; future revenue sources; the effects of changes or prospective changes in the regulation or structure of the securities exchanges on which our subsidiaries operate; and trends in results, performance, achievements or conditions in the markets in which we operate. These forward- looking statements involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our results, performance, achievements or conditions in the markets in which we operate to differ, possibly materially, from those expressed or implied in these forward-looking statements. We describe certain important factors to consider in connection with these forward-looking statements under "Key Information - Risk Factors" and elsewhere in our annual filing with the U.S. Securities and Exchange Commission on Form 20-F. We caution you not to place undue reliance on these forward-looking statements, which reflect our management's view only as of the date of this Report. We have no obligation to update these forward-looking statements.

This information is provided by CompanynewsGroup

Contact Information