NYSE President Confirms Smooth Operations Amid Record Market Activity

Reflecting on the words of iconic innovator Henry Ford about the enduring value of knowledge, I see a parallel today in the resilience needed to navigate volatile financial markets. As the leader of the New York Stock Exchange, I can confirm this sentiment remains pertinent.

Despite dramatic market fluctuations, the New York Stock Exchange continues to function as a central pillar of global finance. Our trading floor is frequently profiled in media worldwide, with our data consistently captured on various news platforms.

Engagements with investors of all sizes—from individual traders to institutional asset managers—underscore the trials presented by market instability. Yet, on a broader scale, Americans should find confidence in our market's operational backbone, hailed globally for its stability.

The NYSE's roots are deeply embedded in history, originating from a modest gathering under a tree in 1792 by some forward-thinking brokers. This has blossomed into a marketplace that seamlessly integrates human insights with leading-edge technology.

Since April 3, our dedicated market makers have doubled their usual intervention in controlling opening and closing IPOs to address heightened market fluctuation. This adaptable approach has amplified participant interaction, elevating our auction volumes by over 20% and processing more than $32 billion daily.

This recent stress test showcased improved efficiency, reducing the trade settlement cycle from two days to one, post-Covid-19 crash. This change enhances certainty and reduces risks significantly.

As indices like the Dow and S&P 500 face dramatic shifts, U.S. exchanges are handling unprecedented transaction volumes. The NYSE marked a historic trading volume several times within a single week, with peaks of over 30 billion shares exchanged.

On specific days, like April 7 and 9, the NYSE processed over a trillion trade requests with median speeds reaching 30 microseconds, asserting our system's vital role in ensuring prompt execution and effective risk management.

Our markets have become a haven for investors, providing rapid, accurate trade execution amidst uncertain global developments.

The reliability seen today is not by chance, but the result of centuries of development and refinement of our trading systems, complemented by significant investments and persistent innovation.

During unpredictable times, our guiding principle remains the protection of U.S. market integrity. By leveraging extensive expertise, we ensure our markets remain robust—reinforcing the U.S.'s position as the world's financial leader.

Indeed, managing risk and steering the most formidable markets as envisioned by Henry Ford underline our financial leadership strength.