It's certainly something they can do and there are savings involved, but the extent of the savings is the longer-term question because I'm not sure whether you can trade everything on one platform.
More Quotes from Rich Repetto:
This could be the first signs of the effects of increased competition in the sector. Every major online broker has increased its ad spending, with new online offerings and advertising by full-service brokers as well.Rich Repetto
When the NYSE goes automated, expect all volumes to pick up substantially. It takes longer to pick up a phone than it does to process an order electronically. Less friction means more trades.
Rich Repetto
Valuations have gotten relatively lofty in all six publicly traded exchanges. Nasdaq is the best buy of the six. It's a cost-cutting story. The opportunity to take share should extend through 2006 and 2007.
Rich Repetto
They just have to hunker down and reduce expenses so they can benefit from increased trades.
Rich Repetto
While there are many areas where we think the company canneeds to continue to improve upon, still it is obvious from nearly every client metric, customers are responding to 'Chuck' in a compelling fashion...and we think the client is likely the most important aspect of a retail business.
Rich Repetto
Ricketts believes there is more value in the company.
Rich Repetto
Readers Who Like This Quotation Also Like:
I perceive two things in Scotland of the most fearful omen: ignorance of theological truth, and a readiness to pride themselves in and boast of it.Edward Irving
I'll take anyway to get into the Hall of Fame. If they want a batboy, I'll go in as a batboy.
Phil Rizzuto
There are situations which cannot honorably be met by art.
George Oppen