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Martin, who became the NYSE President in September of 2022 is the second woman to fill that role in the institution’s long history. Coming from a tech background, she says that she is a data driven person and relies on numbers to tell her story. Having led the NYSE through the challenges of the Covid-19 pandemic, she stresses that open communication is key to any successful enterprise.
The New York Stock Exchange and its parent organization, the Intercontinental Exchange (ICE), are home to 2,400 publicly traded corporations. Martin sees her main task as providing those corporations with the equipment they want to grow their businesses, amplifying what she describes as “the enormous strength of our community. ” “.
Martin gives Yahoo Finance Correspondent Diane King Hall an overview of how the 231 year old exchange functions behind the scenes and how her leadership skills are rooted in communication and challenging her employees to think “out of the box”. She iterates, “I like to throw ideas out there. A lot of times I throw them out there for reactions…I want people to push back.”
Beginning her career as a programmer at IBM, Martin did not envision herself as leading such a historic institution as the New York Stock Exchange. But now she seeks to encourage and inspire younger generations, saying, “I took a non-linear career path to this job. You could too.”
He goes on to say, “My purpose is not just to run the current New York Stock Exchange. I need to build the New York Stock Exchange for the next 10 years, for the next 25 years, for the next 231 years. And I challenge my leadership team to do that every day.
Lynn Martin, president of the New York Stock Exchange (NYSE), is one of the most influential women in the world of finance, but her path to becoming a proper leader of the world’s largest stock exchange is far from assured.
“When I was growing up … [there] wasn’t exactly a career path,” Martin told Yahoo Finance in an interview. “I remember asking my mom how you got a seat on the stock exchange. It was generally something that got passed down from generation to generation or you knew someone or you had a lot of money [and] were able to buy a seat.”
Martin’s path to the New York Stock Exchange began with a personal computer that debuted in the 1980s: the Commodore 64.
“I very fondly enjoyed my formative years in elementary school, where I spent a lot of time playing Commodore 64 gambling video games,” Martin said. “I was fascinated not only by the games I was playing, but also by some of the words processing capabilities, some of the more modern tools, everything you can do with a device, and the interaction you get from a device. “
In addition to being used for gaming, the computer whetted his appetite for knowledge and generation from an early age. Martin earned a degree in computer science from Manhattan College. She is the only woman in her program.
She began her career working for IBM as a computer programmer. At the time, running in the tech sector was the foundation for finance. However, this unconventional starting point has prepared her for the time when finance and generation will be more intertwined.
“They give me a number and I keep it in my mind,” Martin said. “It all comes down to my background in computer science and math. It’s just the way my brain tends to work. “
While working at IBM, she earned a master’s degree in statistics. During that time, she wanted to pivot and pursue finance. She looked at opportunities outside of tech and saw a posting on the jobs site Monster.com at the London International Financial Futures and Options Exchange.
Although she was the first to admit that she didn’t know much about those products at the time, she spoke the language of code and the money derivatives market had gone electronic. Hiring managers needed someone who understood generation and math, so Martin was given the position. exchange business.
Martin worked her way up the financial exchange ladder until she was ultimately appointed to lead the New York Stock Exchange in 2021. Martin is the second woman to solely hold the title of NYSE president.
With about 2,400 corporations indexed on the New York Stock Exchange (and many more seeking to be indexed on the grand board), Martin sits down with CEOs, who are briefed more on their priorities and concerns.
One of the most sensible considerations for senior executives over the past year has been “market volatility, which is triggered through inflation and interest rates,” Martin said.
Her leadership style comes across as open, accessible, and to the point. Martin explained that technology has “democratized access” and led to more diversity in finance. And while every company is different, Martin said she likes to be in the office for those water cooler conversations that lead to new ideas.
“As a leader, the most important thing you can do is with people,” Martin said. “I’m also very focused on being on the field and having conversations with the younger generations, because if you see yourself in a position, it means you can do it. “
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