Larry Leibowitz, who was the chief operating officer at the New York Stock Exchange’s parent, plans to leave IntercontinentalExchange Group Inc. by the end of 2013 now that the takeover of the company is complete, according to two people with knowledge of his plans.
NYSE Euronext ’s planned merger with Deutsche Boerse AG will help the businesses compete against rivals targeting emerging markets and derivatives, NYSE Euronext Chief Operating Officer Larry Leibowitz said.
U.S. equity markets will open today after the longest weather-related shutdown in more than a century, resuming after the New York Stock Exchange was spared by Hurricane Sandy as it swept through New York Oct. 29.
NYSE Euronext temporarily assigned responsibility for 680 stocks that Knight Capital Group Inc. handles as a primary market maker to Getco LLC so the broker could focus on shoring up its finances after incurring a $440 million trading loss on Aug. 1.
Dark pools, the private stock platforms whose share of U.S. equity trading climbed to a record in April, have too much discretion to choose who can use them, NYSE Euronext Chief Operating Officer Larry Leibowitz said.
Regulators should proceed with plans to collect and store data on all U.S. securities trading, an initiative that is “absolutely critical” to keeping markets fair, NYSE Euronext’s chief operating officer said.
U.S. exchanges and some brokers will be required for the first time to conduct coordinated trading tests to show they can recover from natural disasters or terrorist acts, according to a rule proposed by regulators.
Computerized trades sent to electronic networks turned an orderly stock market decline into a rout, according to Larry Leibowitz , the chief operating officer of NYSE Euronext. Nasdaq OMX Group Inc. canceled trades in 286 securities that rose or fell 60 percent or more.