VDM Van Der Moolen Ads

Marking the Launch of a Diversified Global Trading Firm NEW YORK, May 8 /PRNewswire/ -- VDM Trading, LLC, an affiliate of VDM Specialists, LLC, today announced that it has begun remote market-making in equity and index options traded on the Chicago Board of Options Exchange ("CBOE"). The launch of VDM Trading underscores the strength of VDM's technology, and marks an important milestone in its continued development of a global trading business across multiple asset classes and exchanges. "The launch of VDM Trading marks the beginning of an exciting new era for our business, as we leverage our technology expertise into new markets and trading opportunities," said Robert Fagenson, CEO of VDM Specialists, LLC. "We are developing industry-leading hybrid technology, which, when combined with our decades of market making experience, will open a variety of new growth opportunities for us." VDM Trading was formed with the appointments of Andrew Golden, Nicholas Marfino, Thomas Sevick, Jim Ludwig and Andrew Feiwel all of whom joined VDM from Adirondack Electronic Markets, LLC, an automated equity options market- maker. This group brings over three decades of options trading experience to VDM Trading. "VDM Specialists was the natural fit for us due to its solid technology infrastructure and quality brand," said Andrew Golden, Head of Trading, VDM Trading, LLC. "Moreover, in VDM we found a partner that has the same vision and objectives as us, which will be critical in executing our focused growth plan." VDM Trading's electronic options market-making system is complemented by an institutional sales arm, which offers listed equity and index options to institutional customers. Additionally, VDM Trading will be augmented by two floor-based market makers located at the CBOE. About VDM Trading, LLC VDM Trading is a remote market-making platform for equity and index options. Currently, the company's electronic algorithmic software is used by two floor-based market makers at the CBOE. Additionally, VDM Trading offers institutional sales services, providing listed equity and index options to institutional customers. VDM Trading is part of publicly traded Van der Moolen Holdings NV (NYSE:VDM). About VDM Specialists, LLC As one of the largest specialist firms on the NYSE, VDM Specialists represents over 400 leading issues including Pfizer (PFE), Hewlett-Packard (HPQ), Disney (DIS), and Tiffany & Co. (TIF). VDM Specialists is part of publicly traded Van der Moolen Holdings NV (NYSE:VDM). For more information about VDM Specialists, please visit http://www.vdm-usa.com/. DATASOURCE: VDM Trading, LLC CONTACT: Company: Mark A. Baer, Managing Director, +1-646-576-2700, ; Media: Sanuber Bilguvar, Gavin Anderson & Company, +1-212-515-1957, Web site: http://www.vdm-usa.com/

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