SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of
The Securities Exchange Act of 1934
For the month of October
VAN DER MOOLEN HOLDING N.V.
(Translation of Registrant 's name into English)
Keizersgracht 307
1016 ED Amsterdam
The Netherlands
(+31) 20 535 6789
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F
Form 20-F _____X_____ Form 40-F ___________
(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing
the information to the Commission pursuant to Rule 12g3-s(b)
under the Securities Exchange Act of 1934.)
Yes _____________ No____X_______
(if "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- .)
Schedule of Information Contained in this Report:
1. The English language press release of Van der Moolen Holding N.V.
dated October 9, 2006 announcing that Van der Moolen anticipates
a significant decline of third quarter 2006 revenues.
Van der Moolen Anticipates a Significant Decline of Third Quarter 2006 Revenues
AMSTERDAM--(BUSINESS WIRE)--Oct. 8, 2006--Van der Moolen announces
that, based on current information, it anticipates reporting a
significant decline of consolidated revenues compared to the second
quarter of 2006. This reduction is mainly caused by an approximate 30%
decline in VDM Specialists USA's principal trading revenues (dollar
value) compared to the previous quarter.
The developments in the USA, including the outsourcing of clearing
activities, have resulted in a reduction of staff. Related severance
payments are estimated to negatively affect net income for the third
quarter by approximately EUR 0.4 million.
As a result of abovementioned factors Van der Moolen anticipates a
net loss attributable to common shareholders for the third quarter
2006.
In the light of the developments in the USA the board has decided
that an impairment test will be performed on the intangible assets
allocated to this entity. The impairment test will be performed in due
consultation with external advisors.
On October 6, 2006, the New York Stock Exchange started the
implementation of the Hybrid Market trading system (Phase III).
According to the New York Stock Exchange, the full roll-out of this
system is expected to be finalized prior to year end. As a result of
the change in the trading system, Van der Moolen anticipates further
staff reductions.
These figures are preliminary estimates.
For more information about Van der Moolen, please visit
www.vandermoolen.com or contact Investor Relations/Corporate
Communications, telephone +31 (0)20 535 6789.
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).
Disclaimer:
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.
CONTACT: Van der Moolen
Investor Relations/Corporate Communications
+31 0 20 535 6789
www.vandermoolen.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
VAN DER MOOLEN HOLDING N.V.
Date: October 9, 2006 By: /s/ Richard E. den Drijver
---------------------------
Richard E. den Drijver
Chairman of the Executive Board
By: /s/ Leo J. Pruis
---------------------------
Leo J. Pruis
Chief Financial Officer
Member of the Executive Board
By: /s/ Casper F. Rondeltap
----------------------------
Casper F. Rondeltap
Member of the Executive Board