30 November 2016


Justin Schack

Managing Director    

Anish Puaar

Vice President    

Rosenblatt Securities Inc.    
New York +1 212 607 3100    

Rosenblatt's Market Structure News Digest

Adena Friedman to Take the Helm at Nasdaq
—Financial Times

Bob Greifeld is stepping down as the chief executive of Nasdaq, bringing to an end a 14- year tenure in which he had transformed the high-profile US exchange. He will be replaced by Adena Friedman, chief operating officer, who had been seen as Mr Greifeld’s likely successor. Her appointment from January 1 means she will also become the first female chief executive of a major US exchange operator.

Our Take: There’s a big changing of the guard underway at several major US exchange groups, with the retirements of CME Group CEO Phupinder Gill and Nasdaq CEO Bob Greifeld announced earlier this month. Greifeld’s departure, and the elevation of COO Adena Friedman to CEO, had been expected as part of a well- telegraphed succession plan at Nasdaq…

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