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Putnam's Farewell Address

Traders Magazine, May 2006

Peter Chapman

On January 31, Gerry Putnam gave his final analyst briefing as chief executive of Archipelago Holdings. On March 7, he became president and co-chief operating officer of the newly formed New York Stock Exchange Group. The questions he fielded at the briefing go right to the heart of the business of running a stock exchange: market share, pricing pressures, new competitors, operational issues, etc. Traders Magazine has excerpted some of the lengthy interview. Due to the raw nature of the transcript, the questions have been streamlined and, in some cases, the answers have been made clearer.

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