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Article: Merge or die.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- June 3, 2008
CopyrightCOPYRIGHT 2008 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Malar Velaigam
Small cap brokers are bracing themselves against tough market conditions, leaving most with few options.
Life is tough for small cap stock brokers. Initial public offering (IPO) activity has all but dried up, liquidity has reduced significantly, and valuations have more than halved for some alternative investment market (Aim) companies. So, with business stalling and competition heating up as brokers fight to maintain a share of a diminishing market, which small cap brokers are best placed to weather the financial storm?
The volatile market conditions since last summer have hit Aim stocks hard. Trading volumes are low, ...