New York Stock Market Brokers Take On the NYSE and Nasdaq

The video discusses the transformation of stock exchanges from physical to digital, highlighting the involvement of major banks and market makers. It explores the implications of member-owned exchanges, transparency demands from regulators, and the potential for self-regulation by major market players. The discussion also touches on the global impact of these changes and the role of the SEC in overseeing transparency in the market.

What is a significant change in the new exchange model compared to traditional exchanges?

• It is owned by the government.

• It is exclusively for retail investors.

• It requires physical presence for trading.

• It is member-owned, similar to older models.

How might the new exchange model affect the value of existing publicly traded exchanges?

• It will make them obsolete.

• It could potentially decrease their value.

• It will likely increase their value.

• It will have no impact.

What are Washington and Europe demanding in terms of the new exchange model?

• More automation in trading.

• Increased transparency in the market.

• Higher fees for transactions.

• Exclusive access for big banks.

What is a 'dark pool' in the context of stock exchanges?

• A public forum for stock discussions.

• A government-controlled trading platform.

• A private exchange with limited transparency.

• A pool of unregulated stocks.

How might the SEC view the new exchange model in terms of transparency?

• They will require more regulations.

• They might support it if it increases transparency.

• They will ignore it.

• They will likely oppose it.