It feels good. Now, of course, we have to demonstrate to our shareholders that there’s real value to be had here.
—John Thain
Amy led the drive to improve efficiencies, modernized the exchange’s financial systems and processes, and helped reinvent our business and pricing models. I am especially grateful to Amy for her invaluable work on the NYSE/...
We have to focus on the revenue side, we have to focus on the expense side and make sure we can earn to justify the current market value.
I would expect a couple of listings by the end of the year.
Our trading and underwriting business were down from record first-half levels in an increasingly difficult environment.
Over time, all of the markets should be combined.
The costs of 404 have been much higher than anyone anticipated. [Based on feedback from our listed companies] many companies would say that the benefits achieved aren’t worth the costs.
Regulators are in the best position to regulate when they are intimately knowledgeable about the activities they are regulating.
I think there will be linkages between the U.S. and Europe and I think there will be linkages between the U.S. and Asia; that is probably a little further off.
to ensure the most liquid exchange, that may [mean] more electronic trading, but that remains to be seen.
pleased with the resolution of this litigation, which allows our members to vote as planned on the proposed merger on Dec. 6.
We plan to trade the first shares of the NYSE Group on March 8. This will mark the beginning of a new era.
You will see more wage growth. The productivity numbers have been so good and the margins have been so good we can easily afford more wages.
We’re very pleased and excited to have her on board and think it’s a great hire and it’s a great opportunity for the exchange.
The firm’s investment banking advisory business, particularly in mergers and acquisitions, demonstrated a strong performance in the third quarter, and asset management continued its steady growth,
Along with most other participants in the financial-services sector, certain key businesses were negatively impacted by the turmoil in the global financial markets, including, in particular, our credit and relative trading activities.
Individuals will be charged in this matter,
We are looking at the hours that the exchange opens, among other things we are looking at, and we haven’t decided anything specific. There is absolutely nothing new in this.
The NYSE is by far the largest market, it is the most liquid market, we have the best price 93 percent of the time, but one of the things we’re not is the fastest. And...
I think there needs to be more consolidation in the U.S. marketplace, and we will be a public company with a public currency and a big marketplace.
By having a high market share like we have today, we offer the most liquidity and the best prices. If that were to dramatically fragment, you lose the liquidity and the pricing.
Our fourth quarter results reflect the extraordinarily difficult business environment in which Goldman Sachs operated this Fall,
We will provide customers with more choice in trading, an advanced technology platform, a broader product mix, and listing opportunities among a wider group of companies.
I’m very, very gratified by the support of the members. The deal does move us into a globally competitive position.
This will mark the beginning of a new era for the exchange and America ‘s financial markets. As a for-profit, publicly held company, the NYSE Group will be better positioned to grow, create value and...
Corporate America is very optimistic right now.
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