Low on Funds, Optimark Looks to Unload Its Equity Business
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JERSEY CITY, N.J.--Optimark, clinging to its final thread of capital, has indicated it will look to sell its equity stock trading business unit. In a statement filed with the Securities and Exchange Commission, Optimark revealed it had only $22.5 million left in its coffers as of June 30. At the troubled company’s current burn rate, the remaining cash would dry up by mid-October.
In an attempt to slow the demise of its equities business, Optimark says "efforts are currently under way to
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