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XCEO Bob -- fell may have failed in his bid to take over the New York Stock Exchange but that is not stopping him from pushing forward.
A statement from one possible target LCH clear that.
Is apparently imminent Charlie Gasparino is not giving up on expanding in different ways other than -- I mean he clearly is scrambling to find out what to do next -- -- -- -- -- of -- if -- NASDAQ shareholder and has -- a public company people and shares in the state.
Does he sell out to a bigger player -- NASDAQ is a smaller player right now writings that's why want -- to break up this New York Stock Exchange Deutsche -- human by the NYC.
DE -- to -- to the two likely suitors the Singapore exchange and the London's ended in the London Stock Exchange.
Or does he do incremental growth which it seems that's what he's doing now what we hear from inside.
The NASDAQ is that they're talking they're clearly talking I don't I don't know if they've approached PL CH yet.
But the London clearing house is something to talk about them a bite why would -- wanna buy clearing house.
Now this is a clearing broker.
That clears treat derivatives trader trades that go through every day but -- -- derivatives and that's a huge business derivatives all those interest rates swaps it sounds like where you don't even know how -- Well look at it -- so sixty trillion now here's what's interesting about the London clearing I just threw them what are.
By the way it's I think it's really don't -- in the trillions okay if this is a huge business derivatives interest rates -- -- every company.
You exempted to manage their balance sheet.
Of the Dodd-Frank the finance reform law under some of the European finance reform was.
You really do have to do clear you have to send your derivatives traced to these -- -- -- would have known clearing house does it basically make sure if you trade you sell me a stock.
I can -- forward -- clearing house steps in the middle and make sure that can be cleared and that's why this is a huge business we're waiting for -- statement -- from the OCH.
Who knows what they're gonna say.
NASDAQ hasn't approached us yet I don't I have no idea we're not for sale of ignoring -- but -- that's after hours.
It almost as a matter I mean I can tell you if it's not LCH stepped down as that goes for a cause I know the talking about it.
It's going to be something else.
And no they're talking about did you see me do the push -- with a -- it was a one armed pushups or like I lived through.
Can you do want I can do when I'm -- what -- yes right now.
You wanted to do like to do I'm chart at the -- and how quickly to -- aren't like the pilots -- my suit I'll do it if -- -- -- we have enough time.
Don't now what if you know -- we have enough time you know they never have enough time to do my hits but they have enough time for me to do one on -- us.
-- -- -- -- The I.
Mary and I think that's carried -- my -- -- -- -- --