This offering and anything that happens going forward is to build up a war chest as they work out how to compete on an international basis.
More Quotes from Sang Lee:
I think the Amex should have seriously thought about launching a fully electronic platform, becoming for-profit and taking more chances. You can't continue along your current trajectory if it isn't working.Sang Lee
A lot of artists, regardless of ideology, are pioneers they do not care about geography.
Sang Lee
Amex has done a tremendous job in terms of product innovations, I hope not. It's a shame for an institution like this to disappear to a certain degree, and lose some of its glitter.
Sang Lee
We expect to see continued adoption of stream processing within the securities industry as firms move beyond low latency trading and focus on other vital aspects of the business, such as risk management, compliance analysis and liquidity management.
Sang Lee
From a competitive perspective, a hybrid market doesn't make any sense. Amex is a third-tier player in this marketplace, with shrinking market share at a certain point, it has to take risks.
Sang Lee
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