This week, we speak with Lynn Martin, President of the NYSE, which is part of the Intercontinental Exchange. NYSE is the world’s largest stock exchange, with 2,400 listed companies and a combined market cap of ~$36 trillion dollars. She began her career at IBM in its Global Services.
We discuss the IPO process and how many companies go public, primarily to raise capital and create liquidity. We also discuss how the NYSE has been behind such innovations as SPACs and Direct Listings as alternative ways for companies to go public.
She explains how she has expanded the system capacity and increased the speed of message response and execution. The signs of volatility were increasing in December 2021 and the NYSE was able to manage the massive influx of orders and messages — half a trillion buy and sell messages per day with a 30 microsecond response time
You can stream and download our full conversation, including the podcast extras on iTunes, Spotify, Stitcher, Google, and Acast. All of our earlier podcasts on your favorite pod hosts can be found here.
Be sure to check out our Masters in Business next week with Kristen Bitterly Michell, Head of North America Investments for Citi Global Wealth. She is on all of the “Most Powerful Women in Finance lists” including American Banker, Crains Rising Stars in Banking & Finance 2020. Citi Global Wealth manages more than $800B in Client Assets, and North America accounts for about half of that business.
Lynn Martin’s Favorite Books