Members Exchange Inspired by Being ‘Mad as Hell’: Virtu CEO

The video discusses the creation of a new Stock Exchange called the Members Exchange, driven by industry frustration over high costs and lack of representation. The exchange is backed by major financial firms and aims to offer low-cost, transparent services with advanced technology. Its success is anticipated due to strong institutional support and a member-focused approach.

What is the primary goal of the Members Exchange as introduced in the first section?

• To compete with international stock exchanges

• To create a low-cost exchange with transparency

• To provide a platform for small investors

• To increase profits for public companies

Which of the following firms is NOT mentioned as a partner in the Members Exchange?

• Goldman Sachs

• Large retail brokers

• Citadel

• Virtue Financial

What was a major frustration with existing exchanges that led to the creation of the Members Exchange?

• Limited trading hours

• Lack of international presence

• Inadequate customer service

• High charges for market data and connectivity

What technological feature is emphasized for the Members Exchange?

• Blockchain integration

• Deterministic low latency technology

• Artificial intelligence trading

• High-frequency trading

How does the Members Exchange plan to differentiate itself from other exchanges?

• By focusing on member benefits

• By reducing trading fees to zero

• By expanding into cryptocurrency markets

• By offering higher dividends