The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Bloomberg Coup as it Hires NYSE Technologies’ CEO to Spearhead Enterprise

In a coup for Bloomberg, the vendor has appointed Stanley Young, who was until very recently the CEO of NYSE Technologies, as head of the Bloomberg Enterprise Products and Solutions Division. Young’s jumping ship to Bloomberg is a blow to NYSE Euronext but another sign of Bloomberg’s serious intent to develop the enterprise area, coming hot on the heels of its agreement to buy PolarLake.

The Bloomberg division had been run by Mark Pesonen, who now becomes chairman of the division, with Young reporting to him. Pesonen will continue to lead strategy, while Young will run the day-to-day aspects of the business. People reporting to him will include Roseann Palmieri, global head of the Enterprise Data Management group, which now includes its recently acquired PolarLake business.

Young joined NYSE Euronext in 2008 and had led NYSE Technologies – the commercial technology arm of exchange operator NYSE Euronext – since its formation at the beginning of 2009. During his tenure he delivered new data centres for the exchange in Mahwah, New Jersey and Basildon, on the outskirts of London. He also led development of a number of products many of which are geared to low-latency trading.

But could there be further activity afoot? Certainly with changing priorities at NYSE Euronext following the aborted merger with Deutsche Borse, we wouldn’t be surprised to see a wholesale disposal of NYSE Technologies to a party such as Bloomberg. For Bloomberg, the acquisition of such a business could be a dream come true.

Related content

WEBINAR

Recorded Webinar: Data as a Service: Realizing its Value for Data Management

Don’t miss this opportunity to view the recording of this recently held webinar. Faced with substantial and rapidly changing regulatory demands, trading firms are realizing the need for agility in the way they handle data. With global regulations like MiFID II and FRTB reshaping data requirements – and the prospect of future measures introducing yet...

BLOG

EOSE Appoints Dan Marcus as Strategic Advisor for Next Stage Development

EOSE, a provider of market data solutions, has appointed Dan Marcus as strategic advisor to help support the company’s next stage of development. He joins EOSE’s advisory board that includes KPMG’s asset management advisory team. EOSE was founded in 2018 by Suzanne Lock to help financial institutions commercialise their market data. Clients already on board...

EVENT

Data Management Summit USA Virtual

Now in its 11th year, the Data Management Summit USA Virtual explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

FRTB Special Report

FRTB is one of the most sweeping and transformative pieces of regulation to hit the financial markets in the last two decades. With the deadline confirmed as January 2022, this Special Report provides a detailed insight into exactly what the data requirements are for FRTB in its latest (and final) incarnation, and explores what needs to be done in order to meet these needs on a cost-effective and company-wide basis.