Apex CEO on Robinhood and Going Public Via SPAC

The video discusses Apex's role as a fintech platform, supporting over 200 clients and 15 million customers. It highlights the challenges of the current T+2 settlement cycle and the potential for real-time settlement, similar to cryptocurrency transactions. Apex's relationship with clients like Robin Hood and Stash is explored, emphasizing the importance of efficient back-end processes. The video also addresses market volatility, systemic risk, and the impact of raised margin requirements during the retail trading frenzy. Finally, Apex's decision to go public via a SPAC is discussed, highlighting the company's focus on growth and efficiency.

What is the primary role of Apex in the fintech industry?

• To offer a platform for fintech companies to provide investment solutions

• To manage real estate investments

• To develop cryptocurrency trading platforms

• To provide loans to small businesses

What is the current standard settlement cycle for trades in the financial industry?

• T+3

• T+2

• T+1

• T+0

What is a major challenge in achieving real-time settlement in the financial industry?

• Lack of interest from investors

• Outdated infrastructure of big banks

• High transaction fees

• Limited access to technology

How does Apex support its clients like Stash?

• By handling backend processes and regulations

• By offering customer support

• By providing marketing services

• By developing mobile applications

What was a significant issue during the retail frenzy involving platforms like Robinhood?

• Lack of user interest

• Insufficient customer support

• Increased margin requirements

• Technical glitches

Why did Apex choose to go public through a SPAC?

• To avoid regulatory scrutiny

• To quickly and efficiently access public markets

• To merge with another company

• To increase its private funding

What opportunity does Apex see in the market as it plans to go public?

• Developing new financial regulations

• Entering the cryptocurrency market

• Expanding into real estate

• Democratizing investing