"I think what it showed was the manual capacity isn't there anymore, " said Edward Ditmire, an analyst at Fox-Pitt Kelton.
"On the busiest days there is a premium put on speed, " says Edward Ditmire, an analyst who covers the markets at Fox-Pitt Kelton.
But Ditmire from Fox-Pitt Kelton says the so-called hybrid half-human, half-electronic system at NYSE "is at a relative disadvantage" on days like Thursday.
"The company would only take this painful step in an effort to cease the drumbeat of negative perceptions, " says David Trone, an analyst at Fox-Pitt Kelton.
"We believe any broker could befall the fate of Bear, which had no more credit exposure issues than the other four, " says David Trone, an analyst with Fox-Pitt Kelton.
The deal would be "a way in which Bear could have a local partner without extended capital risk, " wrote David Trone, an analyst at Fox-Pitt Kelton, in a research note Monday.
"We are very disappointed in the pre-announced results and the about-face by management with respect to its comfort level with asset marks and its capital position, " noted David Trone, an analyst at Fox-Pitt Kelton.
"Crawford and Cruz are two rising stars who apparently will be put through the test over the next few years, assuming Purcell remains in place, to determine who is best suited to take over the reins, " says David Trone, an analyst at Fox-Pitt Kelton.
NYSE's Arca electronic trading system is known to have higher pricing than even Nasdaq, analysts said, and is seen as vulnerable to the attack from BATS. Arca charges 10 cents per 100 shares on a round trip, according to Fox-Pitt Kelton analyst Edward Ditmire.
Swiss Re is selling its Fox-Pitt, Kelton investment bank to a consortium of Fox-Pitt managers and the investment firm J.
The Fox-Pitt, Kelton team suggests several reasons why a big cross-border deal is unlikely in the near future.
But an analysis of monthly deposit-growth rates at large commercial banks by Fox-Pitt, Kelton, an investment bank, shows a slowing that started in August 2003 and became more marked in 2004 and 2005.
Vasco Moreno of Fox-Pitt, Kelton, a stockbroker, says that fully 22%, or euro16 billion, of the bank's gross lending fell into the category of non-performing or problem loans at the end of 2000.
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