Evolution of Stock Markets and Technology

16min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The speaker reflects on their experience in the capital markets and discusses how technology has transformed the markets over the years. They highlight the shift from manual to electronic trading, the emergence of automated execution systems, and the evolution of stock exchanges. They also discuss the Philadelphia Stock Exchange's transformation with advanced technology for floor brokers and the thriving state of the exchange today.

Robert Leonard chats with Kevin Kennedy about the impact of technology, fiscal and monetary policy, options trading and exchanges, cryptocurrency, and the rise of retail investors, on the growth of the stock market, and much more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

17:30 - How technology has had an impact on the markets and the rise of retail investors.

26:55 - How to study markets today and if there’s a fundamental shift that makes this time truly “different”.

32:18 - How retail investors’ access to the markets changed how they function outside of fiscal and monetary policy.

33:01 - The recent growth in the options space and where Kevin sees it coming from.

33:01 - If the current growth in options trading is sustainable and if there is going to be a point where this can potentially crumble and backfire on speculative options traders.

37:25 - The different options exchanges the Nasdaq has and why six exchanges are necessary.

49:16 - Where the Nasdaq and the worlds of crypto and options collide.

51:09 - The future of capital markets and whether or not crypto will be part of it.

54:33 - Lessons Kevin learned as a trader and what major mistakes he made.

And much, much more!

BOOKS AND RESOURCES

Nasdaq.com XND microsite.
David Swensen’s book Pioneering Portfolio Management.
John Bogle’s book The Little Book of Common Sense Investing.
Joel Greenblatt’s book The Little Book That Still Beats the Market.
All of Robert’s favorite books.

NEW TO THE SHOW?

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Check out our Millennial Investing Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.