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.
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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.”