International Assets Holding Corporation F1Q09 (Qtr End 12/31/08) Earnings Call Transcript

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2009-02-10 17:57:07.0

Tags: Asset, Moment, Call Transcript, Earnings, Investor Relations, Question, E-mail, Financial Accounting, Online Communications, Finance, Seeking Alpha, International Assets Holding Corp.

Question-and-Answer Session

Operator

Yes, thank you. (Operator instructions) I do apologize. We are having some technical difficulty. It will just be one moment.

Sean OConnor

Sounds like this will be a good opportunity for us to get off the hook with you on questions and stop the call. We won’t do that. We’ll wait a little bit.

Operator

Thank you. I do apologize, we are still waiting.

Sean OConnor

Patricia?

Operator

Yes, it’s going to be just one moment and we do have your questions. We’re just trying to get this – okay.

Sean OConnor

If anyone has to leave and can’t wait until we fix this problem, please feel free to call us or e-mail us on the Investor Relations line with your question, and we will make sure to get back to you either this evening or first thing tomorrow. So, apologies for this is outside of our control. But if you do have a question and can’t wait, feel free to e-mail or call us.

Scott Branch

The Investor Relations line is 888-345-4685 and its extension 335. But we’ll wait just few moments and see if this problem can be resolved.

Operator

And I do to. And we do have a question from the line of Dan Ryan [ph]. Your line is open.

Graham Ryan

Hello?

Sean OConnor

Hi, Dan. Go ahead.

Graham Ryan

This is Graham Ryan [ph]. Sorry.

Sean OConnor

Sorry, Graham. Hey, how are you?

Graham Ryan

Doing well. How are you guys?

Sean OConnor

Good, thanks. What’s up?

Graham Ryan

I just kind of want to walk through some of the business segments. In equity market-making, I mean, I understand there was unprecedented volatility. Was there any gains in spreads or market share, or was it just in volume?

Sean OConnor

Everything. We have everything working for us. So panic in the markets, spreads widening out, competitors not prepared to put up prices, I mean, you name it, it all happened. Kudos to our team, kept their wits about them and stayed within the risk tolerance levels and managed to execute and provide consistent processing, and it paid off. And honestly I think things like that pay off for you not just immediately, but over a long period of time. So we really think that that business given the job there is done is going to see the benefit and – maybe not in terms of absolute dollars, but just in terms of increased market share and better relationships and more flow.

 

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