NYSE Chief Steps Down
Niederauer will leave three months ahead of his scheduled departure date. He has been replaced with immediate effect as the head of NYSE by Thomas Farley, currently COO, who takes on the role of CEO and president. Niederauer will remain as co-president of ICE, which announced plans to acquire NYSE Euronext at the tail end of 2012, until August.
Having been at the head of the world's largest exchange since 2007, when it merged with Euronext, Niederaruer spent a large part of his career at Goldman Sachs, and was at the forefront of its decision to purchase Spears, Leeds and Kellogg (SLK) in 2000. Goldman finalized the sale of its designated market maker unit on the NYSE floor, inherited from SLK, to high-speed trading firm IMC Financial Markets this week, following other major investment banks in leaving the exchange floor.
While ICE is retaining NYSE as an integral part of its business, as well as its London-based derivatives venue Liffe, it is mulling avenues to spin off the Euronext component, which comprises a number of European exchanges.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
EY and Microsoft partner to bring agentic AI to risk management
The two firms are part of a deal to bring agentic AI processes to core operations like lending, servicing and risk, starting at Eurobank.
T. Rowe taps Genesis, Cusip lawsuit, FanDuel-CME tie-up, and more
The Waters Cooler: Tokenization and private markets, EuroCTP-BMLL, StateStreet-PriceStats, and more.
Tokenization & Private Markets: Where mixed data finds a needed partner?
Waters Wrap: Reading the tea leaves, Anthony predicts BlackRock’s Preqin deal, Securitize’s IPO, and numerous public comments from industry leaders are just the tip of the iceberg.
Fintech proposes borrowing AI standard from autonomous cars
Amid the rapidly growing use of financial AI, startup Martini.ai urges industry practitioners to coalesce around a common language to measure their progress and understand their own projects and capabilities.
Waters Wavelength Ep. 338: BBH’s Mike McGovern
This week, Mike McGovern of Brown Brothers Harriman talks with Tony about the importance of open architectures and the need for better data management in this increasingly AI-driven world.
LSEG and Nasdaq partner, MarketAxess’ new auctions, TXSE raises $250M, and more
The Waters Cooler: UBS executes its first tokenized fund transaction, LNRS opens APAC datacenter, MayStreet hits back in court, and more in this week’s news roundup.
Waters Wavelength Ep. 337: Interop.io’s Bob Myers
This week, Tony chats with Interop.io’s Bob Myers about agentic AI, the Model Context Protocol, and interoperability.
SS&C’s Bill Stone: RPA still important for agentic endeavors
The fintech is leaning on almost four decades in financial services and its many acquisitions to power AI deployment and meet the market’s needs.
