Wall Street's Biggest Traders Plot New 'Members Exchange'

The video discusses the potential need for new exchanges, highlighting the interest from major Wall Street traders like Citadel and Virtues. It explores the role of brokerages and the current market dynamics, referencing a story by Nick Baker. The discussion also covers the history of exchanges, focusing on Sibo's emergence and its backing by major players, which helped it gain necessary volume.

Why do some major Wall Street traders believe a new exchange is necessary?

• To consolidate power among fewer players

• To introduce new trading technologies

• To reduce trading fees

• To increase competition among existing exchanges

What is a key concern about the new exchange's potential structure?

• It might be too expensive to operate

• It could be dominated by a small group of players

• It may not attract enough traders

• It could face regulatory challenges

How many exchanges currently exist, according to the discussion?

• 15

• 10

• 12

• 13

Which two exchanges are mentioned as the main players in the current market?

• Cboe and NYSE

• NASDAQ and ICE

• NYSE and NASDAQ

• ICE and Virtu

What historical example is used to illustrate the potential success of the new exchange?

• The merger of NYSE and Euronext

• Cboe's entry into the exchange business

• The creation of the London Stock Exchange

• The rise of NASDAQ