Maybe these guys a placing a huge short. Make em cover,lol. Sounds like a bunch of cowboys.
Domestic Securities Joins the Club, Finds Niche
Traders Magazine, January, 2007 by Nina Mehta
Domestic Securities, a fast-growing market maker of over-the-counter securities, is ramping up its capacity.
The broker-dealer, whose trading operation is based in Edison, N.J., is taking over a lease next door and expanding its 40-seat trading room to accommodate another 20 people. The firm currently has 15 market makers, 11 sales traders and four trading assistants. Two agency traders also execute customer orders.
The firm intends to grow its institutional business, but cautiously. "We're not looking for cowboys and homeruns," says Mark Shefts, Domestic's president, referring to traders who make big bets on the direction of stocks.
Domestic, formed in 1984, began making markets three years ago when it brought over an OTC group from M.H. Meyerson &...
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