67 WALL STREET, New York - March 28, 2014 - The Wall Street Transcript has just published its Investment Banks and Asset Management Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Companies include: GFI Group Inc. (GFIG) and many more.
TWST: At this stage, do you think that the investment community has a pretty good understanding of your value proposition, and what are some nuances or complexities about your business that you'd like potential investors to better understand?
Mr. Heffron: I think the investment community understands that the market has been tough for a number of years, and that we've measured our revenues and implemented some cost restructuring. I believe they have a good understanding of our business, and that they will continue to watch us and gauge our performance based on revenues and our margins.
TWST: As you look forward to the rest of 2014, what two or three items are on the top of your strategic agenda?
Mr. Heffron: We will continue to look at emerging markets globally and also continue to provide technological solutions for our customers where they need them. We will continue with the expansion of our trading systems globally.
TWST: When you look at the technological aspects of the business, where do you think the industry is headed? What might be the next big thing that we will see, and how are you making sure that you are a player?
Mr. Heffron: The interest rate swap market could go through a lot of change. There are a number of incumbents in this space such as ICAP and Tradition, as well as TruEX and Javelin. We have an interest rate swaps offering that is highly electronic and geared towards a broader marketplace. We are watching the changes in this market and the impact they will have. We will be keeping an eye on this competitive landscape over the next year.
TWST: Speaking of the competitive landscape, at this stage what would you say are some of the chief advantages that you have?