REUTERS NEXT: NYSE president says IPO proceeds fall over 90% due to uncertainty

NEW YORK (Reuters) - The volatility and market uncertainty have hit the initial offerings market hard, driving down proceeds by 93% this year, Lynn Martin, president of the New York Stock Exchange said on Wednesday.

"There is a lot of uncertainty and there's a lot of different forces that are impacting markets," said Martin during an interview at the Reuters Next conference.

(Reporting by John McCrank and Lananh Nguyen; Editing by Chizu Nomiyama)