10 Most Powerful Women In Finance 2017: Leading The Tech Revolution At Old School Firms

As fintech threatens to invert a financial world, these women are embracing change to grow their companies.

Abigail Johnson, Lubna Olayan, Mary Callahan Erdoes

Although it’s home to a immeasurable infancy of tech stocks, Nasdaq until recently has operated like a normal financial association — creation income by overseeing trade sell on a batch and bond exchanges. But as a financial record (or fintech) series encroaches on Wall Street, it’s apropos increasingly transparent that normal firms contingency welcome record or risk going a approach of a ticker fasten machine. (For full list of 10 Most Powerful Women In Finance, see subsequent page.)

Adena Friedman, who was towering to Nasdaq CEO in January, is clear-eyed about a hurdles confronting her 46-year-old trade exchange. Last quarter, revenues from new listings during Nasdaq took a 1% strike as businesses are increasingly opting for private appropriation over open offerings. And among a bonds that are on Nasdaq, trade hasn’t been robust. Without a boost from merger and banking adjustments, income in marketplace services — that includes trade in equity derivatives, money equity, bound income and line — was down 2% in 2016 and is off another 1% so distant this year.

See Full List: 100 World’s Most Powerful Women

To equivalent these trends, Friedman looked during what else Nasdaq can offer and satisfied her association can assistance investors who are unfortunate for information and analytics. As synthetic comprehension and appurtenance training go mainstream, investors are increasingly looking for ways to benefit even a tiny corner by information analytics. Nasdaq is sitting on a value trove of collateral marketplace data. So, Friedman incited to Nasdaq’s Innovation Lab, a practical seminar launched in 2016, to figure out how to renovate a reams of proposal information into statistical gold.

Last year, a lab introduced Nasdaq Trading Insights, a apartment of program that lets traders review their opening opposite their peers’. In May, it launched Analytics Hub, that transforms information — trimming from amicable media gibberish to executive banking statements — into signals to establish either investors should buy or sell. A few months later, Nasdaq acquired eVestment, that can assistance Nasdaq attract item managers by generating exclusive statistics on 74,000 investment instruments. The sell is even courtship private companies with Nasdaq Private Market, record to hoop a executive sum — share buybacks or proposal offers — that go along with progressing liquidity.

“These technological innovations will yield implausible opportunities to Nasdaq,” says Friedman, “and to all of a clients as they correlate with a collateral markets.”

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