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10 Questions in 20 Minutes: The Future of the Markets

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Presentation on theme: "10 Questions in 20 Minutes: The Future of the Markets"— Presentation transcript:

1

2 10 Questions in 20 Minutes: The Future of the Markets
Matt Hougan Tom Farley CEO Inside ETFs @Matt_Hougan President New York Stock Exchange @ThomasFarley

3 10 Questions In 20 Minutes: Tom Farley
Q1. What took you so long?  And what is your most memorable NYSE story? Q2. What’s next for the NYSE? Is the floor more than a set for CNBC? Q3. Are ETFs destroying the markets, distorting prices and creating massive liquidity risks? Q4. Does the listing venue for ETFs matter? Isn’t it all about price? Q5. What should be at the top of the ‘to do’ list for the SEC in terms of the markets? Q6. Does market fragmentation help investors? How do you attract liquidity, and does it all actually benefit investors? Q7. It is getting hard for new ETFs to attract assets.  Can an exchange actually help?  Would you buy a newly listed ETF? Q8. Should there be a bitcoin ETF? Q9. Mutual funds had a 70-year run; is there something out there that will replace ETFs? Q10. You’re heading to Davos next. What do you think the big themes there will be?

4 10 Questions In 20 Minutes: Tom Farley
Q1. What took you so long?  And what is your most memorable NYSE story? Q2. What’s next for the NYSE? Is the floor more than a set for CNBC? Q3. Are ETFs destroying the markets, distorting prices and creating massive liquidity risks? Q4. Does the listing venue for ETFs matter? Isn’t it all about price? Q5. What should be at the top of the ‘to do’ list for the SEC in terms of the markets? Q6. Does market fragmentation help investors? How do you attract liquidity, and does it all actually benefit investors? Q7. It is getting hard for new ETFs to attract assets.  Can an exchange actually help?  Would you buy a newly listed ETF? Q8. Should there be a bitcoin ETF? Q9. Mutual funds had a 70-year run; is there something out there that will replace ETFs? Q10. You’re heading to Davos next. What do you think the big themes there will be?

5 10 Questions In 20 Minutes: Tom Farley
Q1. What took you so long?  And what is your most memorable NYSE story? Q2. What’s next for the NYSE? Is the floor more than a set for CNBC? Q3. Are ETFs destroying the markets, distorting prices and creating massive liquidity risks? Q4. Does the listing venue for ETFs matter? Isn’t it all about price? Q5. What should be at the top of the ‘to do’ list for the SEC in terms of the markets? Q6. Does market fragmentation help investors? How do you attract liquidity, and does it all actually benefit investors? Q7. It is getting hard for new ETFs to attract assets.  Can an exchange actually help?  Would you buy a newly listed ETF? Q8. Should there be a bitcoin ETF? Q9. Mutual funds had a 70-year run; is there something out there that will replace ETFs? Q10. You’re heading to Davos next. What do you think the big themes there will be?

6 10 Questions In 20 Minutes: Tom Farley
Q1. What took you so long?  And what is your most memorable NYSE story? Q2. What’s next for the NYSE? Is the floor more than a set for CNBC? Q3. Are ETFs destroying the markets, distorting prices and creating massive liquidity risks? Q4. Does the listing venue for ETFs matter? Isn’t it all about price? Q5. What should be at the top of the ‘to do’ list for the SEC in terms of the markets? Q6. Does market fragmentation help investors? How do you attract liquidity, and does it all actually benefit investors? Q7. It is getting hard for new ETFs to attract assets.  Can an exchange actually help?  Would you buy a newly listed ETF? Q8. Should there be a bitcoin ETF? Q9. Mutual funds had a 70-year run; is there something out there that will replace ETFs? Q10. You’re heading to Davos next. What do you think the big themes there will be?

7 10 Questions In 20 Minutes: Tom Farley
Q1. What took you so long?  And what is your most memorable NYSE story? Q2. What’s next for the NYSE? Is the floor more than a set for CNBC? Q3. Are ETFs destroying the markets, distorting prices and creating massive liquidity risks? Q4. Does the listing venue for ETFs matter? Isn’t it all about price? Q5. What should be at the top of the ‘to do’ list for the SEC in terms of the markets? Q6. Does market fragmentation help investors? How do you attract liquidity, and does it all actually benefit investors? Q7. It is getting hard for new ETFs to attract assets.  Can an exchange actually help?  Would you buy a newly listed ETF? Q8. Should there be a bitcoin ETF? Q9. Mutual funds had a 70-year run; is there something out there that will replace ETFs? Q10. You’re heading to Davos next. What do you think the big themes there will be?

8 10 Questions In 20 Minutes: Tom Farley
Q1. What took you so long?  And what is your most memorable NYSE story? Q2. What’s next for the NYSE? Is the floor more than a set for CNBC? Q3. Are ETFs destroying the markets, distorting prices and creating massive liquidity risks? Q4. Does the listing venue for ETFs matter? Isn’t it all about price? Q5. What should be at the top of the ‘to do’ list for the SEC in terms of the markets? Q6. Does market fragmentation help investors? How do you attract liquidity, and does it all actually benefit investors? Q7. It is getting hard for new ETFs to attract assets.  Can an exchange actually help?  Would you buy a newly listed ETF? Q8. Should there be a bitcoin ETF? Q9. Mutual funds had a 70-year run; is there something out there that will replace ETFs? Q10. You’re heading to Davos next. What do you think the big themes there will be?

9 10 Questions In 20 Minutes: Tom Farley
Q1. What took you so long?  And what is your most memorable NYSE story? Q2. What’s next for the NYSE? Is the floor more than a set for CNBC? Q3. Are ETFs destroying the markets, distorting prices and creating massive liquidity risks? Q4. Does the listing venue for ETFs matter? Isn’t it all about price? Q5. What should be at the top of the ‘to do’ list for the SEC in terms of the markets? Q6. Does market fragmentation help investors? How do you attract liquidity, and does it all actually benefit investors? Q7. It is getting hard for new ETFs to attract assets.  Can an exchange actually help?  Would you buy a newly listed ETF? Q8. Should there be a bitcoin ETF? Q9. Mutual funds had a 70-year run; is there something out there that will replace ETFs? Q10. You’re heading to Davos next. What do you think the big themes there will be?

10 10 Questions In 20 Minutes: Tom Farley
Q1. What took you so long?  And what is your most memorable NYSE story? Q2. What’s next for the NYSE? Is the floor more than a set for CNBC? Q3. Are ETFs destroying the markets, distorting prices and creating massive liquidity risks? Q4. Does the listing venue for ETFs matter? Isn’t it all about price? Q5. What should be at the top of the ‘to do’ list for the SEC in terms of the markets? Q6. Does market fragmentation help investors? How do you attract liquidity, and does it all actually benefit investors? Q7. It is getting hard for new ETFs to attract assets.  Can an exchange actually help?  Would you buy a newly listed ETF? Q8. Should there be a bitcoin ETF? Q9. Mutual funds had a 70-year run; is there something out there that will replace ETFs? Q10. You’re heading to Davos next. What do you think the big themes there will be?

11 10 Questions In 20 Minutes: Tom Farley
Q1. What took you so long?  And what is your most memorable NYSE story? Q2. What’s next for the NYSE? Is the floor more than a set for CNBC? Q3. Are ETFs destroying the markets, distorting prices and creating massive liquidity risks? Q4. Does the listing venue for ETFs matter? Isn’t it all about price? Q5. What should be at the top of the ‘to do’ list for the SEC in terms of the markets? Q6. Does market fragmentation help investors? How do you attract liquidity, and does it all actually benefit investors? Q7. It is getting hard for new ETFs to attract assets.  Can an exchange actually help?  Would you buy a newly listed ETF? Q8. Should there be a bitcoin ETF? Q9. Mutual funds had a 70-year run; is there something out there that will replace ETFs? Q10. You’re heading to Davos next. What do you think the big themes there will be?

12 10 Questions In 20 Minutes: Tom Farley
Q1. What took you so long?  And what is your most memorable NYSE story? Q2. What’s next for the NYSE? Is the floor more than a set for CNBC? Q3. Are ETFs destroying the markets, distorting prices and creating massive liquidity risks? Q4. Does the listing venue for ETFs matter? Isn’t it all about price? Q5. What should be at the top of the ‘to do’ list for the SEC in terms of the markets? Q6. Does market fragmentation help investors? How do you attract liquidity, and does it all actually benefit investors? Q7. It is getting hard for new ETFs to attract assets.  Can an exchange actually help?  Would you buy a newly listed ETF? Q8. Should there be a bitcoin ETF? Q9. Mutual funds had a 70-year run; is there something out there that will replace ETFs? Q10. You’re heading to Davos next. What do you think the big themes there will be?

13 10 Questions In 20 Minutes: Tom Farley
BONUS Question: What is Pillar and what will it do for ETFs?

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