Robert Greifeld

Last updated
Robert Greifeld
Ministru prezidents Valdis Dombrovskis tiekas ar birzas NASDAQ OMX prezidentu Robertu Greifeldu (7454064392).jpg
Born1957
NationalityAmerican
Education New York University Stern School of Business
OccupationBusinessman
Known forChairman of Nasdaq, Inc.

Robert Greifeld (born 1957) [1] is an American businessman and was the chairman of Nasdaq, the largest electronic screen-based equity securities market in the United States. He served as CEO from 2003 to 2016 and was succeeded by Adena Friedman. [2] Greifeld focused the NASDAQ-OMX mission on being the premier U.S equities market, leveraging NASDAQ-OMX's fundamental market structure advantage. He stepped down as Chairman in May 2017 to become Chairman of Virtu Financial. [3]

Contents

Early life

Greifeld was born in Queens, New York, to an Italian American mother and a father of Irish and German descent. [1]

Career

He has a 20-year history in technology, and as an entrepreneur created one of the first electronic stock order matching systems. He has led NASDAQ-OMX to nine straight quarters of top line growth. The year 2006 was NASDAQ-OMX's most successful since it began reporting financials in 1997; and in 2005, NASDAQ-OMX's stock was the number one performer across all markets.

Greifeld is an outspoken advocate for efficient capital markets, good regulation and ensuring that the U.S. markets continue to support business growth and innovation. He is a former member of the Committee on Capital Markets Regulation.

Prior to joining NASDAQ in May 2003, Greifeld was an Executive Vice-President with SunGard Data Systems, Inc., a $6.2 billion market cap company. [4] Greifeld holds a master's degree in business from the New York University Stern School of Business, and a B.A. in English from Iona College.

Greifeld gave the commencement address at Iona College for the undergraduates of 2016 on May 21. [5]

Early in Greifeld's career in the 1980s, he was a District Manager for Unisys in Jericho, NY. From there he joined Automated Securities Clearance, Inc. and then Sunguard.

Greifeld has resided with his wife and family in Westfield, New Jersey [6] and Readington Township, New Jersey. [7] [8] [9] [10]

Related Research Articles

The Nasdaq Stock Market is an American stock exchange based in New York City. It is ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges.

Nasdaq Nordic Swedish-based subsidiary of Nasdaq, Inc.

Nasdaq Nordic is the common name for the subsidiaries of Nasdaq, Inc. that provide financial services and operate marketplaces for securities in the Nordic and Baltic regions of Europe.

Iona College Private Catholic college in New Rochelle, NY, US

Iona College is a private Catholic college in New Rochelle, New York. It was founded in 1940 by the Congregation of Christian Brothers and occupies a campus of 45 acres (0.18 km2).

The Nasdaq Iceland, formerly known as the Iceland Stock Exchange (XICE), is a stock exchange located in Iceland. It was established in 1985 as a joint venture of several banks and brokerage firms on the initiative of the central bank. Trading began in 1986 in Icelandic government bonds, and trading in equities began in 1991. Equities trading increased rapidly thereafter. A wide variety of firms are currently listed on the exchange, including firms in retail, fishing, transportation, banks, insurance and numerous other areas. Because of the small size of the Icelandic economy and the low cost of public listing, many of the companies traded on the XICE are relatively small and are relatively illiquid.

Singapore Exchange Investment holding company in Singapore

The Singapore Exchange Limited (SGX) is an investment holding company located in Singapore and provides different services related to securities and derivatives trading and others. SGX is also a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation.

The Nasdaq Tallinn AS, formerly known as the Tallinn Stock Exchange, is a stock exchange operating in Tallinn, Estonia. Nasdaq Tallinn is the only regulated secondary securities market in Estonia. The major stock market index is Nasdaq Tallinn, formerly known as TALSE.

Nasdaq, Inc. American multinational financial services corporation

Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange, and seven European stock exchanges: Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, and Nasdaq Vilnius. It is headquartered in New York City, and its president and chief executive officer is Adena Friedman.

Nasdaq Copenhagen

The Nasdaq Copenhagen, formerly known as the Copenhagen Stock Exchange, is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options.

Options Clearing Corporation Financial services business

Options Clearing Corporation (OCC) is a United States clearing house based in Chicago. It specializes in equity derivatives clearing, providing central counterparty (CCP) clearing and settlement services to 16 exchanges. Started by Wayne Luthringshausen and carried on by Michael Cahill. Instruments include options, financial and commodity futures, security futures and securities lending transactions.

Armenia Securities Exchange or "AMX", formerly NASDAQ OMX Armenia, is the only stock exchange currently operating in Armenia. It is located in Yerevan, the capital city. The state regulatory authority for the stock exchange and the Armenian securities market is the Central Bank of Armenia (CBA). Instruments currently traded on AMX include stocks, corporate bonds, government bonds, currency, SWAP and REPO on corporate securities.

The National Market System (NMS) is the national system for trading equities in the United States.

A multilateral trading facility (MTF) is a European Union regulatory term for a self-regulated financial trading venue. These are alternatives to the traditional stock exchanges where a market is made in securities, typically using electronic systems. The concept was introduced within the Markets in Financial Instruments Directive (MiFID), a European Directive designed to harmonise retail investors protection and allow investment firms to provide services throughout the EU.

Knight Capital Group

The Knight Capital Group was an American global financial services firm engaging in market making, electronic execution, and institutional sales and trading. With its high-frequency trading algorithms Knight was the largest trader in U.S. equities, with a market share of 17.3% on NYSE and 16.9% on NASDAQ. The company agreed to be acquired by Getco LLC in December 2012 after an August 2012 trading error lost $460 million. The merger was completed in July 2013, forming KCG Holdings.

Ted Nathan Myerson is an American entrepreneur and business executive who holds two U.S. patents for innovations in real-time risk management and data aggregation. Myerson coined the term “naked access” in 2009, calling on the SEC to ban it. He was quoted in the SEC Market Access Rule.

Bill Lupien American businessman

William A. Lupien was an American business executive in the financial industry. He traded actively in the financial markets throughout his career. He was a Specialist and later Exchange Governor on the Pacific Stock Exchange (PSE), a Nasdaq market maker, the Chairman and CEO of Instinet, the Chairman and CEO of OptiMark Corporation, and the Managing Director of the General Partner of a hedge fund, Kudu Partners LP. He helped develop the world's first electronic trading system. He also served on the Advisory Committee on the National Market System. In 1999 he was featured in a CNBC television series as one of five people who had changed the course of the securities industry in the 20th century.

Adena Friedman

Adena T. Friedman is an American businesswoman. She currently serves as the President and CEO of Nasdaq, Inc. She was formerly a managing director and CFO of The Carlyle Group. Initially joining Nasdaq in 1993, she returned to Nasdaq from Carlyle in May 2014 as President of Global Corporate and information technology solutions. She was named the CEO of Nasdaq in January 2017, the first woman to lead a global exchange.

Magnus Böcker

Magnus Böcker was a Swedish-American businessman and the Executive Chairman of Blibros Capital Partners, an investment company based in Singapore and Stockholm. He was also chairman and co-founder of Tryb.

For three hours on August 22, 2013, trading was halted on the Nasdaq Stock Market. Trading on the exchange stopped at 12:14 pm and resumed at 3:25 pm, with 35 minutes left of trading for the day. One week after the trading halt NASDAQ OMX credited the freeze to an overloading of the Securities Information Processor (SIP) caused by reconnection issues with the New York Stock Exchange Arca. The freeze received substantial media coverage and generated discussions on the security of increasingly technologically advanced stock exchanges. The event coined the term "flash freeze" following the earlier "flash crash" on May 6, 2010.

References

  1. 1 2 Blackhurst, Chris (2006-11-22). "Long-distance runner on the trail of the LSE; Bob Greifeld trained all his life to be Nasdaq chief, so he isn't the type to give up on the London exchange". The Evening Standard. Retrieved 2010-09-25.
  2. "Nasdaq names Friedman CEO; Greifeld to be chairman". Reuters. 2016-11-14.
  3. "A big deal in trading has led to a Wall Street titan swapping roles". Business Insider. Retrieved 2018-02-19.
  4. "Robert Greifeld Named President and CEO of NASDAQ (NASDAQ:NDAQ)". ir.nasdaq.com. Retrieved 2018-02-19.
  5. "Iona College - About: News & Events". www.iona.edu. Retrieved 2017-02-13.
  6. "Nasdaq's marathon man". Financial Times. Retrieved 2018-02-19.
  7. "31 MEADOW RD".
  8. "Greifeld Robert and Julia".
  9. "Robert Greifeld and Julia".
  10. Staff. "NASDAQ CEO: Robert Greifeld", China Radio International, December 15, 2005. Accessed March 5, 2011. "Greifeld is a resident of Readington Township, New Jersey where he resides with his wife and three children."