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Barron's Streetwise

How Nasdaq Inc Beat the Nasdaq 100

Barron's Streetwise

Barron's

Business

4.71.6K Ratings

🗓️ 30 October 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

Adena Friedman, CEO of the stock exchange owner, talks about fast growth in non-trading revenue. Plus, Jack peeks at a Christmas shopping forecast. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

AI may be the most important new computer technology ever, but AI needs a lot of

0:06.4

processing speed and that gets expensive fast.

0:09.6

Upgrade to the next generation of the cloud, Oracle Cloud Infrastructure, or OCI.

0:16.0

OCI is the single platform for your infrastructure, database, application development, and AI needs.

0:23.0

See how customers like Uber and Cohere

0:26.0

are training their AI models at twice the speed and less than half the cost.

0:31.0

Take a free test drive of OCI at Oracle.com

0:34.4

slash Wall Street.

0:35.8

That's Oracle.

0:37.5

Come slash Wall Street.

0:38.6

I joined Nasak in the early 90s and so it was right at the dawn of the internet age

0:46.2

but if I look over the last 27 years the sea change driven by technology is just incredible.

0:54.4

I mean, I think about the amount of volumes

0:56.4

that we were handling in the systems back in the 90s

0:59.6

and hitting new peaks, but it was in, you know,

1:01.9

maybe like the hundreds of millions of orders and messages a day, and now we're handling 62 billion in a day.

1:10.0

Welcome to the Barron StreetWise Podcast. I'm Jack Howe.

1:13.8

And the voice you just heard is Adena Friedman.

1:17.2

She's the CEO of Nasdaq.

1:19.8

Now, the name Nasdaq can refer to a lot of things including stock indexes and a stock exchange,

1:26.9

but it's also the name of a company that makes money from those things.

1:31.1

And increasingly, from selling trading technology, data, and analytics.

...

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