The FINANCIAL -- The New York Stock Exchange, part of the Intercontinental Exchange global network of exchanges, announced today it has named Doug Yones Head of Exchange-Traded Products. Yones will join the NYSE on Nov. 3 from Vanguard where he has worked for 17 years, most recently as head of domestic equity indexing and ETF product management.
“The addition of Doug to the NYSE team further strengthens our unique ability to deliver NYSE issuers customized, full service from the moment they start developing their product through their listing day, and for the growth of the product,” said NYSE Group President Tom Farley. “We look forward to leveraging his extensive background in ETFs and other exchange traded products in order to continue to provide issuers with superior market quality for the trading of their ETPs.”
Yones’ tenure at Vanguard centered on developing and launching new ETFs as well as relationship management across the market-making and exchange community, with deep international ties including in Asia, Europe and North America, according to the Intercontinental Exchange.
NYSE Arca is the premier U.S. exchange for Exchange Traded Products, with listings representing over 93% of assets under management, and is by far the industry's largest exchange for ETP trading. Year to date through October 28, the NYSE has launched over 200 new ETPs, almost eight times its closest competitor.
“We’re thrilled to have Doug’s leadership as we continue to expand our exchange traded product team. As the ETF industry expands to record levels, our team works closely with our issuer partners to provide best-in-class listings services and rule filing support, while enhancing the evolving market structure,” said Steve Crutchfield, NYSE VP and Head of Options Markets, ETPs and Bonds. “The visibility offered by NYSE platform is proven and unparalleled, and together with our dedicated index business, NYSE is the leading choice for issuers.”