NYSE's Joseph Mecane set to leave company, WSJ reports New York Stock Exchange executive Joseph Mecane is set to leave the company during its integration with IntercontinentalExchange Group, the Wall Street Journal reports. Mecane had served as an EVP overseeing NYSE's markets since 2008.
NYSE owner warns of cyber risk to frequency trading, Financial Times says IntercontinentalExchange CEO Jeff Sprecher warned that efforts to fend off cyber hackers could reverse the momentumtowards faster markets, reports the Financial Times. Sprecher adds that the growing risk of cyber attacks would force traders to pass new electronic sentries as they connect to his exchanges. Reference Link