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NYSE Euronext CEO Duncan Niederauer on starting a campaign that benefits autism, the lack of trading volume and dark pools.
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OK guys gotten.
All right -- let down led to deploy that Eric stock exchange radical ladies is going to right now quite -- -- you're that.
Yeah Niederauer.
At first on fox business and Serbia in the call and thanks Sheryl and data somewhere -- -- what we think Duncan Niederauer is our celebrities certainly right here at the New York Stock Exchange.
You are wearing your new -- school -- And that is that one of the main reasons you're here with us today to talk about an upcoming events you -- your wife are co -- Right so thanks Michael -- next next week may ninth and there is fund raiser here for the school.
Which of happy to talk more about -- but the -- -- -- -- the idea of the guys on the trading put -- to trading where communities idea.
There helping us host an event.
Next Wednesday that's gonna hopefully raise a lot of money for the school.
And the school itself is is basically based to help children with autism your son has autism.
And so many other special -- like Apollo and right and so why are you in your wife.
Involved in with his school in New Jersey where you think New Jersey is a great place with a great education system.
New Jersey has done a terrific job and all these kinds of issues with the new -- schools on this been around for about ten -- recently been going there for about five years.
It caters to children with autism.
Anxiety.
Bipolar disorder sensory issues OCD you name it really that the panoply of issues that are related to autism.
And I think for us it was a life changing move for him to go there when our school district agreed to send him at a district to see that changing him.
The excitement and -- -- -- going to school instead of the anxiety and what it's done effort our family we know they've done the same thing for a lot of other families.
So we started this campaign a couple of years ago we broke ground in March.
We hope to open the new school in in September of next year and it's it's pretty exciting.
So nice when you see William excited to go to school I have two children in my own and I know the difference when.
My kids ready to get out there and go get -- I want to change gears a little bit here we recently had earnings for NYSE Euronext we've seen profit.
To the downside let's talk about trading -- right now at noontime 311.
Million shares Duncan.
We think that's a problem.
-- I think.
I think the volume is not gonna come back tomorrow or the next day either I think what's happening is there -- so many macro issues out there right now we talked about in the earnings call was the same thing that.
We don't control the -- -- that the macro environment we don't control the volumes in a low volume low volatility environment.
It's going to be hard for anyone it anyone in our industry to really move the needle so you have to you have to keep control over what you can so.
We talk about business economy you're saying that's obviously one of the reasons why we're not seeing the volume how would you describe.
Your economic outlook a few minutes give -- a word has -- look at.
Out I think it's looking better in the US then the media thinks it is and that a lot of us think it is.
I think it's particularly good in South America and Asia I think Africa is the place you're gonna hear more about.
I think the challenge everybody has right now is.
All the CEOs I talk to and I I must say I agree with them on this point Europe seems like no growth zoned for this far out as anyone can say.
And on to happen that you now have uncertainty of the upcoming elections and I just think it's created.
Anxieties such that people are almost paralyze -- terms of making investments you see people trading a lot less investing a lot less.
We talked a lot about dark pools are working closely with a -- -- over at the NASDAQ with the SEC.
And that trading outside of these big exchanges what are -- where -- ready -- Yet what what -- -- just trying to say is that at some point this does become a policy issue that has to be addressed a wanna be very clear no one saying -- do away with competition.
We understand a fragmented market is probably one of the realities -- all gonna live with the we are saying -- -- If if more the volume is migrating to unregulated pools in the wake of a crisis that brought us less regulation no capacity is not good.
I think there is a policy issue here we should all be talking -- Right Duncan Niederauer thank you so -- -- second anniversary most of the flash crash -- gonna have another one -- that's not gonna happen.
I hope that so and and just to finish on one thing for next week's event.
If you could just like your viewers know how they can buy tickets we'd love to have as many people as can join us next Wednesday -- That's right and the and the -- website is Newmark education dot com the events here on the floor of the exchange on May ninth Duncan -- thank you paktia.
