NYSE President Farley on Brexit, Volume, and IPOs

The transcript discusses the impact of Brexit on global trading, highlighting the surprising stability and rapid recovery of market volatility. It examines the effects on the IPO market, noting a decrease in volatility and potential for future IPOs. The discussion also covers the implications for retail investors and the ongoing debate between active and passive trading strategies.

How did the market indices react in the days following the Brexit vote?

What concerns were raised regarding the future of the IPO market in the context of Brexit?

What lessons can be learned about active versus passive trading from the recent market events?