Wednesday, February 10, 2010

Debriefing From Davos

Attending the recent World Economic Forum in Davos,Switzerland,Duncan Niederauer,CEO of NYSE/Euronext,shared some of what he learned there.He said he was taking away from Davos that companies' futures are improving.The worst is definitely behind us,but people are still saying are we doing the right things collectively and collaboratively.In the meetings I've been in,Mr.Niederauer recalled,I said it's key to get the financial leaders and the regulators together.Then you can put the foundations together for a healthy economic recovery.Separating banks' proprietary trading from customer activities is virtually impossible,in my opinion.
Mr.Niederauer,who wears an "autism speaks" lapel pin,sees robust initial public offerings at NYSE over the next six months.

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