Business Standard

Memoirs of a turnaround artist

The threat to Nasdaq came from start-ups called Electronic Communications Networks (ECNs), which were providing an alternative virtual platform for stock trading.

Memoirs of a turnaround artist

Sanjay Kumar Singh
The author of the book under review was the chief executive officer (CEO) of Nasdaq from 2003 to 2016. When he took over the reins, the business was caught in a deathly tailspin. Robert Greifeld chronicles how he first stabilised Nasdaq and then over time built it into one of the world’s preeminent stock exchanges, leaving its more storied rival, the New York Stock Exchange, in its slipstream.
In 2003, Nasdaq was in deep trouble and Mr Greifeld often wondered if he had taken on a hopeless assignment. Very few new tech companies were listing on exchanges in the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 31 2019 | 2:18 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to