- In addition to the customary issues of taking on the CEO role at a sizable company, incoming Nasdaq (NASDAQ:NDAQ) boss Adena Friedman will have to deal the regulatory changes set to come about from a Trump administration.
- Source: Annie Massa at Bloomberg
- Trump's "go-to" man on financial regulation, former SEC commissioner Paul Atkins, wants current rules on equity trading overhauled, and has been a vocal critic of the regulation which brought forth the current era of all-electronic stock trading.
- There's also the planned departure of SEC Chair Mary Jo White, and Trump's promise to gut Dodd-Frank.
- Friedman reminds there's been plenty of regulatory change over the past seven years, and wouldn't be surprised to see it continue. And former Nasdaq exec John Jacobs says some of the regulatory reset - particularly as it pertains to freeing up banks to trade their own accounts - could be to the Nasdaq's benefit.