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Nasdaq CEO Embraces Volatility, Battle with NYSE

Posted Mar 06, 2008 07:00am EST by Aaron Task in Investing, Products and Trends, Information Technology
Related: NDAQ, NYX, TIVO

Nasdaq OMX CEO Robert Greifeld is feeling pretty good these days. Nasdaq just closed its deal with OMX, creating the world's largest exchange in terms of listings, and the firm's stock has been on a roll. It's quite a change from last spring, when Greifeld was taking heat over the Nasdaq's "failed" bid to acquire the London Stock Exchange.

We touched upon a number of issues, including why volatility is good for NDAQ, even if it drives investors nuts, as well as Nasdaq's ongoing battle with the NYSE Euronext. Big Board beware: Greifeld has ambitious targets for listings and trading volume as the war rages over electronic vs. human-driven trading.

I also asked Bob about rumors of a snag in the Philadelphia Stock Exchange aquisition, Nasdaq OMX's plans to trade "other" assets, and its latest bit of innovation for traders, Market Replay.

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4 Comments

B
B - Thursday March 06, 2008 09:33AM EST

Now that's how you do an interview!! GREAT JOB Aaron!

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B
B - Thursday March 06, 2008 09:54AM EST

that's the type of interview i've been looking for from tech-ticker

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Aaron
Aaron - Thursday March 06, 2008 10:01AM EST

imani_98: Thanks much! Tell me more: What did you like and what do you want to see more of? Best, Aaron

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NoStocksForMe
NoStocksForMe - Thursday March 06, 2008 04:50PM EST

Hi Aaron, I think you asked good questions and at the end Bob said what i wanted to hear, which was the consolidation of the acquisitions NASDAQ has made so far. with so many acquisitions one who works with the Markets and IT may wonder how are they going to implement all these together and make it work to provide the Investor a good return and NASDAQ a strong place in the market as a strong competitor. Thanks and keep up with the good questions.

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