Commentary

Marianne Brown
Traders Magazine Online News

The Surprising Factor Financial Firms Need to Invest in To Accelerate Growth

When it comes to people, a firm's success relies on more than just the top contributors to the bottom line, according to FIS. In its latest report, shared with Traders Magazine, the firm says it actually found firms that are prioritizing investments in digital expertise are growing nearly twice as fast as their peers.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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April 30, 2002

Nasdaq Fights to Remain on Top

By Gregory Bresiger

Nasdaq, increasingly facing competition and regulatory controversy, is fighting to retain its primary position in the U.S. markets.

"The last thing Nasdaq wants to lose is its reputation as a primary market for capital formation in the United States," Nasdaq Chairman Hardwick Simmons, told the Financial Times. Nasdaq is facing competition for print revenue as well as quotes. Its last quarterly report showed reduced earnings. Nasadq, which has lost 60 percent since its high during the dot.com craze, has shattered many a portfolio.

Better Future

Still, Simmons argued that Nasdaq's projected SuperMontage trading platform along with innovative products, such as exchange traded funds, will help resurrect Nasdaq's declining fortunes.

"In this kind of a market it is increasingly difficult to pick individual stocks, [but] investors know that these are the companies of the future," Simmons said. Despite these companies' recent woes, Simmons said that, "Everywhere I go I hear the same thing: Where can I get a Nasdaq to help me bring entrepreneurs and their ideas public? Without [a Nasdaq] we will never be competitive with the U.S. in the technology marketplace," he added. Simmons also promised that SuperMontage, due to begin trials this summer, will be faster and more efficient.