It was with a mix of satisfaction and relief that I read the press release confirming the appointment of former Thomson Reuters Enterprise group president Jon Robson as CEO of NYSE Technologies. You, of course, read it here first. The question now is what it means for our marketplace.
Doubtless our colleagues over at sister site Low-Latency.com will take a slightly different stance, but as we look at how Robson’s arrival will impact NYSE Technologies offerings in the non-real-time space, a key determinant may be whether Robson’s colleague Gerry Buggy follows in his footsteps to join the exchange group.
We’ve heard he will be making the move, but it remains unconfirmed. Buggy, of course, rose to prominence at Thomson Reuters as head of the enterprise content group, at the time part of Robson broader Enterprise business unit. Enterprise content, and Buggy, were subsequently shifted to Thomson Reuters’ buy-side operating unit in one of several management restructurings a year or so ago that left Robson out in the cold and ultimately led to his departure for NYSE Technologies.
At NYSE Technologies, we’d expect to see Robson continue his good work in helping the company develop trading and enterprise data technology stack solutions for global capital markets practitioners. Should Buggy join him, perhaps we’d see a more aggressive move to leverage the huge amounts of data NYSE Euronext group generates, essentially as a byproduct of its core activity of being an exchange.
Indeed, NYSE Euronext has been working quietly on developing a technology infrastructure that allows it to create data offerings aimed at helping clients better understand market events and their potential impact. The exchange has been working with the likes of VMWare, OneMarketData and EMC’s GreenPlum unit to monitor events to provide insight into how to optimise trading strategies and mitigate risk.
Meanwhile, as reported, Buggy has been succeeded as enterprise content chief at Thomson Reuters by Debra Walton, former head of specialist sales. Walton hailed from Cantor Fitzgerald and Telerate, a background that gives her deep expertise in global bond markets, which may (or may not) point to future directions for that business unit. We’ll be keeping an eye on that.
As followers of this latest round of musical chairs will know, Robson’s predecessor at NYSE Technologies – Stanley Young – set the ball rolling with his departure for Bloomberg, where he now runs the Enterprise Products and Solutions Division. Among his senior staff at Bloomberg is Roseann Palmieri, who in an earlier bout of corporate activity was installed as enterprise data chief at Thomson Reuters – by one Jonathan Robson.
Small world, innit?
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