Espeed's Trading Volume Rises, but Losses Widen
SPECIAL REPORT
NEW YORK -- There was good news and bad news in the lastest earnings report from electronic broker Espeed. On the positive side, trading volume continued to gain ground, the company outperformed analyst expectations, and Espeed now expects that it will operate in the black by the third quarter. However, the firm remained deep in the red last year to the tune of some $27 million.
In addition, Espeed spent $33.4 million to cover business partner securities associated with the formation of
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