071706

HERD

Burgee a Consolidation Casualty at NYSE-Arca

Joe Burgee, a former managing director at Archipelago, left the merged NYSE-Arca group toward the end of June as a result of consolidation at the exchange, a spokesperson confirms. Burgee, who was involved in data strategy relating to the exchange's OX options trading system, left because "some of the projects he was working on were not relevant as we moved to a new platform," the spokesperson says. Sources say other NYSE-Arca staff will take over

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