cohenbarryj

Time To Take A Closer Look at the NYSE Group

Just a few thoughts on the subject. First, NYX is not a monopoly like so many other exchanges, it face serious competition from a number of domestic platforms. Second, for all intensive purposes it is a one product exchange; cash U.S. equities. Third, while many speak about the fact that Reg NMS changes will substantially increase volumes do to statistical arbitrage, pricing will also be negatively effectived. The EuroNext deal is more of a marriage to save each other rather then the best deal (just my opinion). NYX did it to get diversified product (they saw the writting on the wall) and EuroNext did it so they can keep their JOBS. The question is what is all the hype is worth. What is the real earnings power of NYX (without EuroNext) what is it really trading at. For a company that promotes the most open and fair market in the world as a company they are far from that. Have you ever listened to a conference call? These guys don't want to tell you what the tax rate would be b/c it constitutes "foward looking statements." Give me a break.