Nasdaq CEO Calls Cboe End-of-Day Trading Plan ‘Irresponsible’
- Friedman repeats call for SEC to reconsider its go-ahead
- Analyst estimates $25 million threat to Nasdaq revenue
Photographer: Eric Thayer/Bloomberg
This article is for subscribers only.
Nasdaq Inc.’s chief executive officer blasted a rival’s alternative way to carry out certain end-of-day trades, calling it “irresponsible” and repeating an appeal for the Securities and Exchange Commission to reconsider its approval.
“It’s really bad for investors and really bad for issuers,” Adena Friedman said Wednesday in an interview after the company released fourth-quarter results. “We believe the commission should do a full, thorough review of this in light of the trillions of dollars in assets that are tied to this value.”