Evidence receipt / belief
Published · transcript-backedBrett Harrison: belief
13 Mar 2023 Dwarkesh Podcast Brett Harrison — FTX US former president speaks out
“You can't not go through a broker dealer. But I think that we could eventually try to get the appropriate licensing required to be an intermediary that is focused on being like a technology forward interface towards people being able to do more program trading.”
Source trail
Everything needed to verify it.
- Speaker
- Brett Harrison
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 13 Mar 2023
- Publisher
- Dwarkesh Podcast
Transcript context
…Given the fact that Nasdaq or whatever already have these barriers, is it possible for someone to remove those barriers with a solution like yours? I guess like an analogy that comes to mind is I guess nobody before Mark Cuban's, whatever pharmaceutical company just try to go outside the insurance system and directly sell drugs to people. Is it possible to do something like that for Nasdaq? Yeah, you can't connect to Nasdaq without connecting to Nasdaq. You can't not go through a broker dealer. But I think that we could eventually try to get the appropriate licensing required to be an intermediary that is focused on being like a technology forward interface towards people being able to do more program trading. And so if the mission of our company is to provide better access, I think we can do so within the existing system. I guess this raises a broader question of if you're initially trying to solve for the problems that these exchanges should natively have solutions to at least or some of the problems are the ones that these exchanges should natively have solutions to. Why haven't these exchanges built this stuff already? You're a part of one such exchange and maybe function better than the other ones, but they're highly profitable, they have a bunch of money. Why haven't they invested in making their infrastructure really great?…
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