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Was neck -- we -- always has never boring in the life of Charlie Gasparino.
He is now joined.
By someone we talk about a lot Duncan Niederauer -- -- your ex CEO they're alive -- -- Sandler O'Neill global exchange and brokerage conference.
In New York Charlie.
You know I was tempted to ask you about -- or he's or whatever they are and I'm not going there and not to put that aside I think this is I -- But I want to ask you about this interest -- Battle between the New York Stock Exchange and the NASDAQ over listings is always was tough.
But the what you -- grateful kind of smoke the peace pipe a little bit now here it's kind of been wrapped up.
As Bob Wright and head of the NASDAQ has been -- the night fiasco essentially to say look that occurred.
The New York Stock Exchange is watch you can't trust their treatments we have the -- I say the results speak for themselves so we're happy with how we're doing in the IPO market.
I think particularly in the technology space.
I think the people who were close to the situations that are being compared in the market -- relatively equivalent.
Particularly the participants who were deeply involved in those they know that the two really have no bear no resemblance to one another -- garner reflection on.
Stronger week technology.
So we're just going to keep.
What we'll stay on the high road we're just gonna keep winning as many the IPOs as we can and not getting complacent they they would say you use the FaceBook fiasco when you're sales pitches.
Is that it as apt comparison we had a pretty nice tail wind in technology -- before that net and we don't we -- you don't have to use it everybody's aware of it.
And that no one I talked to would compare the two because they're not really comparable and you know you know to talk to my -- top choice as a matter of fact from what we in the stands for.
-- about this but I mean.
But I think about we we kind of tell our guys it's better -- stay on the high road and just talk about the truth and if we have an -- like we did and our European markets yesterday.
We do exactly what we do we stand up behind -- we communicate to the clients we say were responsible.
We delay the opening if we think it's necessary and then we trade do you think they're lying under sales pitches.
I don't know I would -- -- it just it sounds like to push -- Everybody has different corporate culture OK okay that we did that let's -- it to the the IP exited the merger with the with the guys how's that going timetable.
Unscheduled -- so so far so good I think what I said to a lot of people are a lot of investors and no I think -- editor shareholder vote call on Monday of this week.
I would roll up by the end of this month because the way a lot of things working here with the -- -- They're all very prescriptive in terms of the timing so by late June we will have heard from the antitrust commissioner.
About whether we need to phase -- review were not by the end of June we will have heard from our regulators in Europe as to what questions they still have.
And that I think will be able to give a much clearer picture of the path to closing come July -- -- and.
There's a chance that is going to be I didn't Deutsche -- situation I mean you get any feedback that these guys aren't uncomfortable -- you have a European subsidiary united -- yes and as bad as soon as as as we've said publicly there's virtually no overlap and these two businesses.
There's nothing that's.
-- controversial their way there was last time.
Hey and I think we're cautiously optimistic they were on the right track.
There's lots of speculation about your future I've heard that Duncan is supposed to -- there allegedly for -- -- their command the next year and that's good it's definitely going to be there.
That's what I've committed to it and if you think about it if he had been between -- -- myself it's actually a very good motto right we stick to it global IPO here next.
Ice who I think she's world class you're running a derivatives clearing business book.
-- -- -- our life business and to their existing derivatives business Jeff can focus being on being the CEO of of the whole company.
And major in the derivatives business helped focus on the NYSE part of the job.
Which is the part of the judgment.
And I get along get along with -- have quite well having -- look we're both business guys we're we're we're friendly with each other.
That we're just about getting it -- -- proven that the company were put together here can be the best in the industry.
What does your future I don't see you packing -- in coming here a year next this time next year -- be almost done I don't see packet and you want to go back to Wall Street.
I've got my -- and your job -- yeah.
So I'm obviously looking over your shoulder I.
Wherever I want it -- that.
What did it did I'll make that decision at the time comes right now my focus is going to be a 110% and make an American government having yet another see -- job.
I've been in the financial services industry for almost thirty years now.
You've I think there's a lot of what I want to have learned in the NYSE.
In this chair Charlie is there's a lot of industries that are that are also really interest thing.
And that he's it was more actually doesn't she realize that came -- in no rush thank you for asking them.
You know you had a little bit of problem -- -- Euronext system yesterday I -- yesterday that I'm sorry.
Seems like it happens a lot not just with you happen throughout the markets but I guess the question is if you're an average investor.
See these markets and we'll see companies like night obviously not beautiful they have their own technology and -- FaceBook -- botched IPO which was you know.
Still differences and as a that was the -- -- The markets -- I think the markets are safe but we -- -- to appreciate that the markets are moving really fast and when the markets move faster and faster rate for the markets move faster and faster.
And louder and louder that was -- we're gonna have my next candidate -- wrestle from there on the corner men and but I think the market's moves faster and faster and everyone's doing the best they can our view is no technology is infallible.
The key is when you have a problem like we had yesterday aboard you know like you guys had yesterday when you're -- thank you could bring that -- -- -- -- Well we all learned is that no matter how hard we try there are some things that are unexpected that come up and what you guys did yesterday that we tried to do yesterday too is.
He used call like -- -- guys here's what's happening.
If if our if our customer gateways are aren't operating properly and we can't get everybody's orders and I'd rather communicate to the customers we're gonna -- thirty minutes late when the problems resolved we have Telus customers when it's in that everyone's gonna participate and that's the right way -- that's what -- that's what he hasn't had done a FaceBook I think because.
What would we learn from that you've noticed we've done with the media since then as we're inviting the media in because what we really learn from that is it's going to happen.
Complete transparency is what's needed right tell everyone where they stand let everybody know what's going -- and if it if it slows it down a little bit I actually think that's okay.
Because that's what you would do for safety act so what I have to wrap our head out on to two things -- he had short dark pools big problems.
C -- and let let's let's let's get rid of the phrase dark -- and -- off exchange trading.
Right so off exchange trading is everything they start pulls its -- -- yes and do.
The right thing I think the SEC is for the first time in awhile is actually willing to revisit market structure in the US and we'll see where it goes.
The floor we'll survive.
That's our plan you can see what we've invested in the floor that time I've -- where we're now re doing the second trading room.
To move the Amex options operation -- are operating center into that room.
Jeff and I have talked about it he's a report we we both know what an important part of the brand that is we both that's what -- -- -- the value.
So -- for as far as we can see it's our plan to keep it open and hopefully keep driving.
I think it just lost -- -- and over time but thank you about this.
I can blame it on me tablet but I -- shots back yeah.
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