Play With House Money?


With so much volatility in the market, should you get into exchange stocks for increased volume or stay away due to consolidation?

Nasdaq OMX Group said on Thursday they got a boost from recent volatile trading, that was sparked by the market’s spin downward. And Chief Executive Robert Greifeld tells Fast Money that he is positioning Nasdaq for success "in all economic environments."

Nasdaq's strategy is to grow and diversify through acquisitions in the hope of insulating itself from the economic slowdown. Its ambitious to-do list includes developing options exchanges, growing its alternative trading facility in Europe, and clearing equities and derivatives.

And in case you’re wondering, risky credit default swaps are not a part of the plan, Greifeld has made that very clear.

That doesn’t mean this stock is not without downside risk. Many traders are concerned that a prolonged bear market could cause the stock to languish, especially if brokers continue to consolidate, hedge funds contract, and traders exit the market.


It’s a valid concern, but Greifeld doesn’t expect trading volume will dry up, either now or in the future “We’re seeing a similar number of customers this year as we had last year and no declines at this point in time. And he adds, “if you look back over the last 20 years there hasn’t been any time when volume has decreased.”

”And the transformation of Lehmans into Barclays has done well for Nasdaq. We see Barclays trading with us quite actively now,” he says.

To see our entire interview with Nasdaq Chief Executive Robert Greifeld please watch the video.

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Trader disclosure: On Nov.10, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (SDS), (MCD), (WMT), (BNI), (UUP), (MSFT); Macke Is Short (BBY); Najarian Owns (BBY) Put Spread; Najarian Owns (SBUX) Puts; Najarian Owns (CHK) Call Spread; Seymour Owns (AAPL), (BAC), (F), (MER), (BX); Seygem Asset Management Owns (PTR) with wires