John Thain
John Thain
John Alexander Thainis an American businessman, investment banker, and former chairman and CEO of the CIT Group...
advanced america among beginning broader choice compete create customers era exchange financial group held mark product provide publicly technology value wider
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 compete globally. 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.
board excited great hire opportunity pleased
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.
feels value
It feels good. Now, of course, we have to demonstrate to our shareholders that there's real value to be had here.
couple expect
I would expect a couple of listings by the end of the year.
advanced among broader choice customers group product provide technology wider
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.
ability best certainty customers degree far high largest liquid percent price quickly trade
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 some of the big institutional customers have said they want the ability to trade quickly and with a high degree of certainty and we're going to give them the ability to do that,
current earn expense focus justify market revenue side sure
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.
absolutely among decided exchange hours looking
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.
beginning group march mark plan shares trade
We plan to trade the first shares of the NYSE Group on March 8. This will mark the beginning of a new era.
europe further
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.
company currency needs public
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.
business difficult environment fourth operated quarter reflect results
Our fourth quarter results reflect the extraordinarily difficult business environment in which Goldman Sachs operated this Fall,
business difficult levels record trading
Our trading and underwriting business were down from record first-half levels in an increasingly difficult environment.
members merger planned pleased proposed resolution vote
pleased with the resolution of this litigation, which allows our members to vote as planned on the proposed merger on Dec. 6.