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NASDAQ CEO on Mergers

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  • Description

    NASDAQ CEO Bob Greifeld says he won't make an attempt to merge with the London Stock Exchange.

  • Duration 5:18
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Well as European regulators look to put a stop to the proposed merger of the New York Stock Exchange with Germany's Deutsche Boerse the CEO this competitor the NASDAQ.

-- all about merger attempts Liz -- had a chance to sit Dow -- NASDAQ CEO president Bob Greifeld to get his reaction on the latest news.

-- when it comes to stock exchange has the story of the year they have already really blown up here and it is the fact that European regulators are pretty much telegraphing that the new York stock exchange's attempt to -- We Germany's Deutsche of course.

May be flat out dead -- -- reaction is a big competitor who may sort of provide part two of the story and that is Bob Greifeld the CEO.

Of the NASDAQ OMX what do you what do you think of this -- mean.

Your competitor Duncan Niederauer in New York Stock Exchange coming out today and saying there is but a glimmer of hope that that merger will ever go through and he pretty much has to back away from that.

Well I would say this the story of the year for exchanges that -- unit -- lot of things can happen.

During the course 2012.

But anytime you're looking to do any merger where you Linda for over 90% more here you have.

Issues and when we attempted by Dicey last year the DOJ said on March and listings would be over 90% too high -- it's -- -- unexpected outcome.

So you won't attempt to take over the New York Stock Exchange -- -- with them again for second time but we did that and the DOJ said could not policy so.

-- -- the US government says no we list.

Okay but you're not the -- got a back away from trying to grow more William make an attempt to may be merged with the London Stock Exchange and could -- face.

The same issues from UK regulators is -- -- to.

Force base well we're certainly not contemplating a transaction with -- change.

I would say that we have been focused on organic strategy.

We've had record earnings last four quarters to think the only change.

On the planet to do that so we have done a careful calibration of our marketplace as we define redefine an expanded.

The target markets we have and it's resulted in his -- -- a -- -- -- we're happy with the progress we've made just to clarify you will not make an attempt right now for the London Scottish and that's what you said OK -- -- -- -- and how do you how do you grow beyond that what we're doing it organically so -- -- record -- last four quarters we had a couple world cobalt and -- Positions certainly see us do that again in the future we just made one a couple of weeks ago.

Couple months ago London's only -- -- called -- But using them on the learn more business you -- I mentioned we're gonna redefine health marketplace that we look at mean.

Cash equity business which -- not just about the trading and -- about what can we do.

To our customers easier entry into the Eduard -- the same thing -- listed companies would make it easier than the new public company and part of reserves is great for our customers and expand our market opportunity.

You've got something like 78 of the last year's IPOs everything from Groupon and Zynga to zillow to trip advisor.

How does the pipeline looks as you voltage.

-- we look at the pipeline and a ten year basis right now we have the highest amount of companies in the pipeline in the past ten years.

How -- -- all we'll get out it's still a very positive bullish sign.

-- and market forces say that not much of Israeli stock companies publicly traded companies are listing on the NASDAQ.

Well you see in the NASDAQ marketplace we have a very deep liquidity.

So we like to brag about history given dollar market capitalization.

Are stocks are more liquid than any stock on the planet.

And that attracts Israeli companies Chinese company's -- companies from all across the planet.

Going back to this merger issue.

It would be nice I'm sure -- you merged with you know NASDAQ or -- you know you look at that and you say that was a real opportunity.

Will you will eventually book to merge with some other entity.

-- -- -- -- -- -- valid reason to look for merger is that when you think about an exchange agency transaction processing business -- our data center we have the ability to process every single.

Equity trade on the planet.

So -- to do a transaction able to leverage our processing plant.

-- that's a good return for customers are invested so that's a valid reasons for us to look at merger opportunities.

We will do that but certainly we keenly aware that you can't have too high of -- market share as we attempted.

To buy it nicely you have to be aware of the regulatory predisposition.

To -- in that particular dollars so.

In theory it's great in practice you've got -- really -- -- do you feel a little bit for Duncan Niederauer your competitor that he got this rejected what we're in a somewhat unique position because we got rejected last year by the DOJ so -- certainly.

Understand what he may be going through but again the and they have not -- Yet so until they do you don't know how -- actually -- how do you think -- Well I think the odds are long but not impossible what's next for you word is that you have -- support of the NASDAQ -- to become the chairman not just to see.

Well that was -- news article -- I don't think had to its basis in fact but you know in the CEO for.

I -- -- half years and -- to thing and I've enjoyed the support of the board we've done some good things.

Together so look forward to continuing.

-- -- at the pleasure of the board and hopefully they keep doing what I do -- watch for that headline and it has come to pass Bob -- Of the NASDAQ thank you very much of share of -- all the way back to you in new.

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