Two of the top executives at New York Stock Exchange (NYSE) Euronext’s technology business are set to leave the organisation.
Citing four people close to the situation, the 'Financial Times' newspaper reports chief executive officer (CEO) Jon Robson and chief operating officer (COO), Terry Roche, are both set to leave NYSE Technologies once the IntercontinentalExchange (ICE) closes the $10 billion acquisition of NYSE Euronext.
Mr Robson joined NYSE Technologies in September 2012 from Thomson Reuters, while Mr Roche joined shortly after, also from the same company, meaning their stay at the trading technolgoy firm has been relatively short.
Peter Moylan, the head of global sales at the firm, is also expected to leave.
ICE plans to move the NYSE Technologies’ market data unit back to the exchange, according to the 'FT'. It is now seeking buyers for the subsidiary’s remaining assets, including a 25% stake in Fixnetix and its technology distribution business.
ICE had previously requested the help of three banks in its bid to float the European equity operations of NYSE Euronext. The ICE and NYSE have previously said they are willing to sell Euronext if a good enough offer is submitted, breaking up the business, but this scenario has not so far come to pass.
The acquisition of NYSE Euronext is set to be completed on 4 November, subject to the deal achieving final regulatory approvals in Europe.
By Gary Cooper