Topics & People
Financial markets for trading options, which are contracts giving the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price. Adena Friedman likens them to prediction markets.
The risk of collapse of an entire financial system or market, as opposed to risk associated with any one individual entity, group or component of a system.
A passive investment strategy that attempts to track the performance of a broad market index, such as the Nasdaq 100. It has grown in popularity, making investing more accessible but also concentrating capital.
A subsidiary of Nasdaq that facilitates secondary transactions for private companies. It operates on an 'issuer first' model, partnering with companies to manage liquidity events.
The Federal Reserve Bank of New York. Adena Friedman serves on its board, and she discusses its data-driven, apolitical nature and views on the US dollar and systemic risk.
An alternative method for companies to go public without traditional bank underwriters, discussed as potentially superior to traditional IPOs.
The establishment of clear rules and regulations, particularly for new industries like cryptocurrency. Its absence has held back institutions like Nasdaq from fully entering the crypto market.
The set of procedures that occur after a trade is executed, including clearing and settlement. Tokenization is seen as a technology that can streamline this process and reduce friction.
The Chairman of the SEC, described as forward-leaning and wanting to 'make IPOs great again' and embrace the crypto ecosystem.