NYSE CEO: Egypt is an Example of How Emerging Markets Will Remain Volatile

New York Stock Exchange (NYSE:NYX) CEO Duncan Niederauer spoke with FOX Business Network (NYSE:NWSA) about the the protests in Egypt and what this means for the future of markets. Here’s the video. Your Cheat Sheet to his comments are below:

Duncan Niederauer on how we are seeing vulnerability in the market as a result of the situation in Egypt:

“The developed world has to focus on job creation and we are obviously counting on global economic growth to come from the emerging markets who are all continuing to go up quite aggressively. The challenge we have is you look at a situation like Egypt, and it’s a reminder that those emerging markets that we are counting on have a lot of reasons why they should grow quite rapidly but there is also going to be some volatility along the way and a lot of turbulence. This is not unique to Egypt. In the world we live in there’s always going to be pockets where its challenging and dangerous.”

On the NYSE being the public IPO leader:

“We led in the U.S. and in terms of global issuance, we finished a close third behind Hong Kong and Shanghai. When you think of all the issuance that is coming out of that part of the world, I don’t expect to beat them for the next several years.”

On his idea that a tax credit would help the U.S. catch up to other world leaders:

“We see what the Chinese do. When they know they have a lot of companies to take public, they also know they have a tremendous number of jobs to create. I think they very pragmatically say, here is an advanced job creation incentive program it’s not a lot of money, but they understand that defrays the cost of going public. The statistics are very clear; SME’s create jobs and companies create jobs after they go public, I don’t care whether it’s on our exchange or not, job creation is a shared responsibility right now.”

On he cost of regulation:

“It is easier to defray the cost with job related incentives. Post crisis deregulation isn’t going to work. Lets accept that, move past that, and say are there other things we can do.”

On whether he would work to get Facebook on the NYSE if it goes public:

“We are going to compete hard for that like we do for every listing. We are going to fight like hell to get it. And I like our chances.”

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