[There is] a recognition on the part of all markets that this is becoming a global business and the core 1,000 global companies will trade in multiple arenas, ... Is it not better to make the pie larger and thus everyone benefit? |
A day doesn't go by when the market isn't on the most skittish and volatile path that I've seen in my 35 years at the Big Board. What's driving that is the simple insecurity, or if you will uncertainty of outcome. |
A few short years ago, that would have been a good year, |
A large percentage of orders are entered in the hours after our close through about 10 p.m. EST, |
A new NYSE -- we term it |
A separate entity would remove the cop on the beat, ... is not viewed as a profit drag, but ? as an investment in our brand and in building public confidence. |
Clearly access to the facility will be tightened, |
Companies, not just California companies, but all publicly held companies who either do business in California or have shareholders in California will potentially be harmed by this proposition. |
For the past 36 years, I have had the honor and privilege of working for what I believe is the greatest equities market in the world, the New York Stock Exchange.... I believe this course is in the best interests of both the exchange and myself. |
I don't think there's any reservation, that Monday at 9:30 (a.m. ET), the opening bell as we've come to know it will ring here and trading will commence, |
I shared with the board of directors ... that, with the deepest reluctance and if the board so desired, I would submit my resignation, |
I think at the surface comparative level, they appear to be wildly different, ... But there are some very comparative similarities to the makeup of each. They are extraordinary intelligent and very creative in how they approach problems. |
I think it is way beyond that at this juncture. |
If I give back a dime, that's an admission of guilt. I can't do that, ... But if they say I'm an honorable man and I did nothing wrong, it's the end of the issue. If not, let's go to war. |
If the test on Saturday were to prove to be problematic, long before Monday at 9:30 a.m. we will be very candid with member firms and the American public, |