NYSE Euronext Names Steven Crutchfield CEO of NYSE Amex Options
New York, April 14, 2010 - NYSE Amex options, one of NYSE Euronext’s two distinct U.S. options exchanges, today announced the hiring of Steve Crutchfield as the Chief Executive Officer of NYSE Amex options. In this newly-created role, Mr. Crutchfield will be responsible for the day-to-day management of NYSE Amex options, and upon receiving SEC approval for its previously-announced semi-mutualization, he will also be a primary liaison to the exchange’s newly-formed board of directors. Mr. Crutchfield will report to Ed Boyle, Executive Vice President, Head of U.S. Options.
“On behalf of my colleagues, I welcome Steve to NYSE Euronext as we begin this exciting next step in the development of NYSE Amex options with new, top-tier partners and a renewed focus on our customers,” said Ed Boyle, Executive Vice President, Head of U.S. Options. “Steve joins NYSE Euronext during a time of great change and opportunity in the U.S. options industry and we believe his considerable experience will benefit our customers, our business and the options marketplace in the months and years ahead.”
“I am very pleased to become part of such a dynamic organization in NYSE Euronext and the U.S. options team,” said Steve Crutchfield, CEO, NYSE Amex options. “We will continue to build upon NYSE Amex options’ success and ensure that it continues to flourish in the future. I look forward to playing a leadership role in that process by collaborating with our partners, clients and the excellent team already working to make this goal a reality.”
About Mr. Steven Crutchfield
Mr. Crutchfield was Chief Operating Officer at Matlock Capital LLC, where he supervised all trading, quantitative research and systems work from 2004 through 2009. While at Matlock, he focused on the development and implementation of fully-automated options, equities, and futures strategies with an emphasis on high-frequency trading, volatility forecasting and market making. Prior to joining Matlock, Mr. Crutchfield was Managing Director of the Research and Development group at Botta Capital Management. There, he oversaw the development of trading models and technology for both internal and external use, including an index volatility arbitrage model and an options portfolio management system still in use today. Prior to this, Mr. Crutchfield launched and directed Botta’s off-floor options trading desk and its equity risk arbitrage business.
Mr. Crutchfield holds an MBA in Econometrics and Analytic Finance from the University of Chicago , an MS in Computer Science from Stanford University , and a BS in Electrical Engineering from the Johns Hopkins University.
About NYSE Euronext U.S. Options
NYSE Euronext’s two distinct U.S. options exchanges present a compelling dual market structure that offers customers the traditional market-maker model and expanded array of services of NYSE Amex options or the choice of price-time priority on NYSE Arca options. NYSE Amex options provides customers with a more traditional, value-driven marketplace offering exceptional technology in a proven open-outcry trading environment. As the first U.S. options exchange to introduce the post/take market model, NYSE Arca options offers immediate, cost-effective electronic order execution in nearly 2,000 options issues.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.
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