The FINANCIAL -- The New York Stock Exchange, part of the Intercontinental Exchange global network of exchanges, on June 2 announced Stacey Cunningham has been appointed Chief Operating Officer.
She reports to NYSE Group President Tom Farley. Prior to serving as President of NYSE Governance Services, Cunningham was Head of Sales and Relationship Management for NYSE Group, according to the New York Stock Exchange.
In the new role, Cunningham manages the following NYSE Group units, with a focus on a customer-led approach to strategy and development:
Cash equities markets, which include the New York Stock Exchange, NYSE MKT, and NYSE Arca, and which are led by Paul Adcock.
Relationship Management, led by Mike Downey.
Product Management, led by Mike Paulyson.
NYSE Governance Services, the leading provider of corporate governance, risk, ethics and compliance services. Adam Sodowick, its Chief Operating Officer, has been named President.
“With ongoing changes to the U.S. equities market, Stacey’s appointment adds to the strength of the New York Stock Exchange’s leadership team and intensifies our focus on our customers,” said Farley. “The NYSE today is rapidly evolving as a customer and technology-driven financial services leader. Stacey will contribute to our work on enhancing and simplifying our equities platforms, advocating for listed companies and our trading customers in market structure discussions, and innovating to deliver more value to the global capital markets.”
In her expanded role, Cunningham will oversee several NYSE Group initiatives. These include the rollout of Pillar, an integrated trading technology platform that will enable customers to connect to all of NYSE Group’s equities and options markets using a single specification. In addition, she will advance the introduction of the NYSE Midday Auction, providing market participants with the opportunity to aggregate trading interest in lower volume securities in the middle of the trading day, complementing the opening and closing auctions.