Name: NYSE on FB
Uploaded: 2014-09-20
Duration: 1 min 7 s
Description: NYSE on FB

NYSE on FB

when when Facebook went public on the NASDAQ. It kind of I don't know how you would describe but fried their system. It took a while for it to open. Did you have? Did you learn anything from the failures fumbles they had that day to make sure you're ready for the Alibaba? What happened with Facebook wasn't good for anyone. It wasn't good for the industry. It wasn't good for the New York Stock Exchange. Facebook anyone? So I think in that respect, we all learned the importance of getting it right. We do a lot of things different than our competitors. One thing we do is the emphasis on testing. And that's why we have a track record of running systems that work really well. Another thing we do is we have an emphasis on communication. So just for instance, with respect to Alibaba, I've been out. I've been meeting with the heads of equities and most of the major banks, and I've been opening in many cases with the question Hey, how are you feeling about Alibaba? I want to make sure the lines of communication are open. Make sure I understand any potential risks on the horizon on the I p o day for Alibaba. We're really gonna emphasize communication. We'll have open phone lines going with the active traders will have a separate open phone line going for the industry. Internally, we have, uh, communication protocols.