Financial History 25th Anniversary Special Edition (104, Fall 2012) | Page 21
“Leadership With a Higher Purpose”
By Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext
The financial industry has been built on
trust and innovation. Trust is the bedrock
that enables every financial institution to
operate. Every investment made, every
trade executed on markets like the NYSE
is a manifestation of that trust. Innovation
has kept our markets and our country at
the forefront. American ingenuity and
inventiveness have made US capital markets the strongest in the world. We are the
lifeblood of the economic system. We efficiently bridge the gap between suppliers
of capital and those who can use capital to
turn ideas into businesses, hire new people
and drive economic growth. A well-run
and trusted capital markets infrastructure
is a pre-requisite to a thriving economy.
Unfortunately, over the past decade we
have