Nasdaq's Greifeld: Why We've Added 'Extended Life' Orders

The video discusses the evolution of market structures, focusing on the introduction of a reward system for long-term orders. It highlights stakeholder feedback, particularly from technology-focused individuals, who opposed speed bumps that delay technological progress. The video explains the reward system that prioritizes long-term orders, allowing them to move to the front of the queue. It also covers objections to the SEC's process in approving speed bumps and emphasizes the importance of customer feedback and simplicity. The video concludes with insights into market adoption and potential future uses of the system.

What was the main concern of technology-focused stakeholders regarding speed bumps?

• They preferred speed bumps to be more restrictive.

• They wanted more complex systems.

• They thought speed bumps were delaying technological progress.

• They believed speed bumps were too fast.

What was the main objection to the SEC's approval process for IEX?

• The process was too transparent.

• The process was too fast.

• The process lacked proper review and comment.

• The process was too expensive.

What is the proposed reward for long-term investors in the new system?

• Faster transaction speeds

• Higher transaction fees

• Access to exclusive markets

• Priority in the execution queue

Who are expected to be the initial adopters of the new system?

• Regulatory bodies

• Short-term traders

• Technology companies

• Buy-side investors

What is a key advantage of the proposed system over traditional speed bumps?

• It requires more technology.

• It is simpler to understand.

• It is more restrictive.

• It is more complex.