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In fact, trading of stocks, including revenue from trading, listings and providing data on the equity markets, accounted for 56 percent of the Big Board's revenue in the third quarter of 2010, compared with 71 percent just five years ago, according to the Tabb Group, a market advisory group.
The Investment Banking and Asset Management segment handles capital market advisory and execution, wealth management, custody, brokerage, and research.
"Gartner has done a good job of managing expenses in a difficult environment and is taking market share away from some of the other market advisory firms," says Steven Lidberg, senior research analyst at Pacific Crest Securities.
The special committee's report, presented to the market advisory committee Thursday, proposes increasing the fee paid by certified farmers market produce vendors at each market they attend, from 60 cents to up to $4 per market day.
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As the head of Lazard's North America operations, he played a major role in the firm's expansion, including its poaching of senior investment bankers and its push into middle-market advisory services.
Nicolas Lanel, formerly global co-head of UBS's secondary markets advisory group, will lead the European operations.
Mr. Doty, 28, is a vice president in the financial-markets advisory division of BlackRock, the New York investment management firm.
"The London Metal Exchange can't continue to exist as an independent entity," said Will Rhode, a senior analyst at the TABB Group, a financial markets advisory firm in London.
Adam Hanft, chief executive of the marketing advisory firm Hanft Projects, said that even if the effort was well intended, it seemed to turn a blind eye to that disconnect.
Mr. Widham is an associate in the financial markets advisory group at BlackRock, the New York investment firm, where he advises financial institutions.
Lazard's capital markets advisory unit reported a 41 percent decline in revenue for the quarter, to $16.4 million, owing largely to fewer fund closings by the firm's private fund advisory group.
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