The CEO of Nasdaq Wants You to Know the Company Isn’t Just About Stocks
Friedman became CEO of Nasdaq Inc. in 2017. Although she’s spent much of her career at the company, she left to be chief financial officer of the Carlyle Group from 2011 to 2014. For nine years, she ran Nasdaq’s data business.
The CEO of Nasdaq wants you to know the company is more than a stock exchange, even if it’s where about 20% of U.S. equity trades are made. “Complacency is the killer of every great company,” she tells Carol Massar and Jason Kelly.
We are providing technology to a company called the Football Index. It’s a U.K.-based firm, so “football” means soccer. It allows people to bet on certain players—it’s almost like fantasy football in a betting context. They’ve created a marketplace that allows people to essentially buy interest in a player, watch that player’s performance, and understand the returns. We already are in the horse-racing business. We have three racing authorities that use our pari-mutuel betting platform.