Nasdaq CEO Friedman on Retail Investing, Oversight

The transcript discusses the evolution of retail trading, highlighting the impact of free trades and the democratization of market access. It addresses concerns about the fairness of retail trading in the high-speed online economy and the challenges posed by Chinese companies listing in the US. NASDAQ's proactive measures to ensure market integrity are outlined, along with the role of the SEC in maintaining disclosure standards. The importance of the US as a global market leader is emphasized, with a focus on balancing open markets and quality standards.

What are the implications of free trading on retail investors in the current market environment?

Discuss the potential risks associated with retail investors trading in a high-speed online economy.

How has the democratization of markets affected retail investing over the last decade?

How do you perceive the role of online brokers in enhancing the retail investing experience?

What measures are being taken to ensure adequate protections for investors in companies from China?

In what ways do you think the SEC is fulfilling its responsibilities regarding company disclosures?

What challenges do exchanges face in maintaining a balance between quality disclosures and open capital markets?