Richard Repetto
Richard Repetto
focus listed strategy
I think the near-term strategy is: focus on getting listed share.
quarter slice strong
A strong quarter pretty much any way you slice it.
controls driven expense improving per quarter rate solid tight upside
A solid upside quarter (was) driven by tight expense controls and an improving rate per contract.
cost exchange gives global london stock
The London Stock Exchange is an all-electronic stock exchange that gives Nasdaq a global presence. There would be cost savings, too.
below estimate guidance higher implies previous
Guidance is below our previous estimate and implies higher expenses.
across atlantic exchange potential space within
I still think there is big potential for consolidation across the Atlantic within the exchange space overall.
increase unwilling
Without that, Nasdaq was unwilling to increase its bid.
assets average believe decline drove management
We believe year-end redemptions drove a 10% decline in average assets under management to $3 billion.