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Robert Greifeld is President and Chief Executive Officer of The Nasdaq Stock Market, Inc. (NASDAQ: NDAQ), the largest U.S. electronic stock market. Greifeld joined NASDAQ in May 2003 and since then has successfully led the market through a time of sweeping change in the capital markets. With the stated mission of being the premier U.S. equities market, Greifeld has sharpened NASDAQ's strategic focus on providing the most efficient, transparent trading platform, capturing the majority of U.S. IPOs, and attracting listings from competitive exchanges. In February 2005, NASDAQ conducted a secondary offering and listed on its own National Market.
Tapping his 20-year industry experience and leadership with electronic trading systems, Greifeld has led NASDAQ through a number of strategic initiatives, including its announcement in April 2005 that it intends to acquire the INET ECN.
Under GreifeldĄ¯s leadership, NASDAQ's trading platform and the NASDAQ trading day have been significantly enhanced. These include: the development of a platform capable of trading all 6,700 U.S. securities as well as exchange traded funds listed on NASDAQ and competitive exchanges; the purchase of Brut ECN, which provides NASDAQ with the ability to capture increased trading flow from the NYSE; and the introduction of electronic auctions used at key points in the trading day to improve the accuracy of stock pricing.
In the listings arena, Greifeld spearheaded NASDAQ's innovative "dual listing" program, which for the first time allowed NYSE-listed companies to list on NASDAQ. Companies in this program include HP, Charles Schwab, Walgreens and the Chicago Mercantile Exchange. Greifeld has been a vocal advocate for modernizing market structure and increasing CEO and board member attention on the performance of stock markets for the benefit of shareholders and investors.
Greifeld is an active speaker on investor protection, financial market structure and regulatory issues. He has been vocal in Washington regarding enhancements to Sarbanes-Oxley for small companies and the use of stock options as a tool for business and economic growth. Greifeld has addressed organizations including The Investment Company Institute, the National Press Club, and the World Economic Forum.
Prior to joining NASDAQ, Greifeld was an Executive Vice President with SunGard Data Systems Inc., a $6.2 billion market cap company. At SunGard, Greifeld was responsible for buy and sell-side businesses, including Sungard's floor broker, the largest independent broker on the New York Stock Exchange.
While serving as President and Chief Operating Officer of Automated Securities Clearance, Inc. (ASC) from 1991-1999, Mr. Greifeld led the team that created BRASS and made it the industry standard trade order management system for NASDAQ stocks. Also while at ASC, he spearheaded the founding of the Brut ECN.
Greifeld holds a Masters in Business from New York University, Stern School of Business and B.A. in English from Iona College. His graduate school thesis was on the operation of The NASDAQ Stock Market.
Greifeld is an avid runner and has completed four marathons. He is the Chairman of the USA Track & Field Foundation, and serves as a Vice Chairman on the 2005 Kennedy Center Corporate Fund Board.
Greifeld is a resident of Westfield, New Jersey where he resides with his wife and three children.
(Source: NASDAQ/Photo Source: google)