Robert Greifeld Reflects on His Tenure at the Nasdaq

The transcript discusses the challenges faced by NASDAQ, including competition from ECNs and the need for cultural transformation. It highlights the strategic acquisitions made to enhance technology and market share, particularly the acquisition of INET. The impact of the 2008 financial crisis on NASDAQ is explored, along with the company's resilience. The narrative concludes with reflections on organizational balance and the role of engineers in the company.

What was one of the main challenges NASDAQ faced that required a cultural change?

• Lack of reliable technology

• Regulatory compliance issues

• Emergence of new competitors

• High employee turnover

Why was the acquisition of INET crucial for NASDAQ?

• To increase employee satisfaction

• To expand into new markets

• To reduce operational costs

• To gain the best technology on the street

How did the 2008 financial crisis affect NASDAQ?

• It led to a complete system failure

• It caused NASDAQ to lose all market share

• It put stress on NASDAQ's systems but they remained operational

• It resulted in NASDAQ being acquired by a competitor

What was a key lesson learned by NASDAQ from the Facebook issue?

• The need for more aggressive marketing

• The importance of balancing engineering and business perspectives

• The necessity of cutting costs

• The value of maintaining a strict regulatory approach

What was the role of Jamie Dimon during NASDAQ's post-Facebook challenges?

• He criticized NASDAQ's strategies publicly

• He offered support and encouragement

• He suggested NASDAQ should merge with JP Morgan

• He led a campaign against NASDAQ