Rich Repetto
Rich Repetto
completed couple difference early exchange gave goes helped later lift listed marked next offering performance potential revenue secondary share stock stocks strong visibility year york
A couple of things made a marked difference for Nasdaq this year. They completed a secondary offering early in the year, which gave visibility to their cost-cutting and market-share gains. The strong performance of exchange stocks later in the year also helped lift Nasdaq. Finally, there's revenue growth, and the potential to take listed share next year as the New York Stock Exchange goes automated.
dealing fully integrated lots trust
Schwab is dealing with lots of issues. They still haven't fully integrated U.S. Trust.
retail seeing
We're seeing a significant retail component. This isn't an IPO, but that's the way it's acting.