Nasdaq CEO: We Are Sympathetic to NYSE Pain

Following the glitch that led to a trading outage at the New York Stock Exchange, Nasdaq CEO Robert Greifeld says he had no plans to shut down.

“We’re sympathetic to [the NYSE’s] pain… we have investors-we have to service their needs- we’re able to process trades, so the good news is that went well,” said Greifeld.

When asked about the Fed and interest rates, Greifeld said, “I think the interest rate hike has been certainly telegraphed by the Fed. I believe it will happen by the end of this year. That action this year has been factored into the markets.”