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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (133580)	11/8/2001 6:46:46 PM
From: Dr. Jeff	Read Replies (1) \| Respond to of 436258

Grasso Says Former Trade Center Site An Option for Future Home of NYSE THIS IS REALLY SICK SHT! November 8, 2001 Grasso Says Former Trade Center Site An Option for Future Home of NYSE* By GASTON F. CERON Dow Jones Newswires BOCA RATON, Fla. -- New York Stock Exchange Chairman Richard Grasso reiterated the Big Board's intention to remain in lower Manhattan even as it seeks alternatives in case another tragedy disrupts stock trading. Mr. Grasso also said that a redeveloped Ground Zero could be a future site for the NYSE. Speaking via satellite from New York to the Securities Industry Association's annual meeting here, Mr. Grasso said the exchange is still weighing its options for how and where to reopen in case trading were interrupted by a tragedy like the Sept. 11 attacks. That event forced the NYSE and other stock markets to shut their doors for four trading sessions until trading resumed on the 17th. The NYSE has said its emergency options include operating the exchange from an alternative location or from a different market altogether. Even as the NYSE ponders its contingency plans, it must keep an eye on the longer term. Before Sept. 11, Mr. Grasso had planned to open a new trading floor near the exchange's current home at 11 Wall Street, but that plan has now been put on hold by the uncertain New York City real-estate picture in the wake of the attacks. "We've got to wait and see what the city's plans are," Mr. Grasso said. Speaking about the NYSE's commitment to lower Manhattan, Mr. Grasso said that although the securities industry's concentration in the area creates some vulnerabilities, there also is "a certain value to concentration." He indicated that one answer to the exchange's long-term real-estate needs could be found in a rebuilt World Trade Center area, but offered no more details on that alternative. Among other topics, Mr. Grasso once again said that the exchange now has no plans to become a publicly traded company in the near future. That once was a possibility, but now Mr. Grasso said he doesn't see "any real advantage" to taking the 209-year-old NYSE public. The rival Nasdaq Stock Market is planning an initial public offering. Looking to the future of the securities industry, which is now grappling with falling profits amid the economic and stock-market downturn, Mr. Grasso said that "the near term will not be pretty." But he sounded a hopeful note for the future. "This industry has always risen to the occasion." Write to Gaston P. Ceron at gaston.ceron@dowjones.com1 URL for this Article: interactive.wsj.com

To: Box-By-The-Riviera™ who wrote (133580)	11/8/2001 6:57:24 PM
From: Lucretius	Read Replies (3) \| Respond to of 436258

how anybody could stay long the bonds after what the treasury pulled is beyond me...