Nasdaq Appoints Veteran Adena Friedman as its COO

Nasdaq (Nasdaq:NDAQ) has appointed Adena Friedman as its newest Chief Operating Officer (COO) who joins the exchange with immediate effect, according to a Nasdaq statement.

Ms. Friedman steps into her new role as COO having already served as its President since 2014. In this capacity she has been responsible for overseeing the strategy and operations as well as financial responsibility for the group’s Listing Services, Information Services (Indexes and Data Products) and Technology Solutions.

In her newly defined role she will be assuming the mantle of responsibility of Nasdaq’s global business operations, whilst continuing to report to the group’s CEO, Bob Greifeld. More specifically, she will head P&L responsibility in conjunction with day-to-day operational business decisions and budget allocation.

Ms. Friedman originally came to Nasdaq from the Carlyle Group, where she worked as its Chief Financial Officer (CFO) and Managing Director for nearly three years. Prior to this role, she was a mainstay at Nasdaq for a period of seventeen years, rising from the ranks of an intern up to such positions as Head of Strategy and Chief Financial Officer.

According to Mr. Greifeld, in a recent statement on the appointment: “This is a natural progression for Adena and Nasdaq, given the evolution of our organization into a global financial technology leader. As a company that competes on a global playing field every day, this appointment will enable us to achieve greater strategic alignment, collaboration and operational excellence across our businesses and organization."

"I am excited about the prospects ahead for Nasdaq, and the opportunity to lead all of our global businesses. We are at a pivotal point in our company's evolution, and decisions around how we best optimize our businesses and Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term our collective strengths to better serve our clients will be vital to our long-term success," added Ms. Friedman in an accompanying statement.

Last week, Nasdaq made headlines after Borsa Istanbul went live on its platform, granting the Turkish exchange access to Nasdaq’s trading and clearing, settlement, market data management, index calculation, market surveillance, business intelligence and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term capabilities.