The New York Stock Exchange Announces Launch of the NYSE Tech Council

Rhea-AI Summary

The New York Stock Exchange (NYSE), a part of Intercontinental Exchange (NYSE: ICE), announced the formation of the NYSE Tech Council. This council will consist of Chief Technology Officers, Chief Information Officers, and other senior technology leaders from NYSE-listed companies. The primary focus areas for the council will include cybersecurity and AI use cases. The council aims to provide thought leadership and actionable best practices to its 2,400 issuers. Lynn Martin, President of NYSE, emphasized the council's role in supporting technology-driven goals. Additionally, the NYSE has recently completed a multi-year tech upgrade called NYSE Pillar to improve performance in its trading activities.

Positive

• Formation of NYSE Tech Council to provide thought leadership and best practices.
• Council includes senior technology leaders from NYSE-listed companies.
• Initial focus areas include cybersecurity and AI use cases.
• Supports NYSE's community of 2,400 issuers.
• NYSE Pillar technology upgrade completed, enhancing trading activity performance.

Negative

• No specific financial data or metrics of success provided for the NYSE Tech Council.
• Potential high costs associated with maintaining and operating the council.

Comprising senior technology leaders of NYSE-listed companies, exchange-led group will focus on thought leadership and best practices in technology

NEW YORK--(BUSINESS WIRE)-- The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced the formation of the NYSE Tech Council, a group of senior technology leaders within the NYSE community that will focus on thought leadership and actionable best practices.

The council will be comprised of Chief Technology Officers, Chief Information Officers and other C-suite technology leaders from NYSE-listed companies. With technology evolving rapidly, the NYSE Tech Council’s initial focus will be cybersecurity matters and AI use cases. The NYSE Tech Council will operate in a similar fashion to the other NYSE thought leadership councils, which address topics of interest to the 2,400 issuer-strong NYSE community.

“In this digital age when virtually every company is relying on rapidly evolving technology to transform its business, the new NYSE Tech Council will play a pivotal role for our remarkable NYSE community,” said Lynn Martin, President, New York Stock Exchange. “Companies list their shares on the NYSE to raise money and change the world, and through its actionable insights the council will further support our issuers in pursuit of their technology driven goals.”

“At this unique time, we believe no group is better positioned than our NYSE community to understand technology’s vast opportunities and implications,” said Chuck Adkins, Chief Information Officer, NYSE. “The aim of the NYSE Tech Council is simple: convene conversations among market leaders to help our listed companies make the best possible use of innovations in AI, cyber and other key areas.”

The NYSE and ICE have a long history of deploying cutting-edge technology to address market inefficiencies and provide transparency. In October 2023, the NYSE completed a multi-year upgrade of the technology that supports trading activity on its equity and options markets. NYSE Pillar, one of the industry’s most deterministic technology platforms, now powers every exchange the NYSE operates as well as critical U.S. equity market-data infrastructure. NYSE Pillar has set a new standard in performance, despite unparalleled growth in demand and electronic message rates.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

Category: NYSE

View source version on businesswire.com: https://www.businesswire.com/news/home/20240515836995/en/

NYSE Media Contact:

Lauren Sullivan

lauren.sullivan@nyse.com

(212) 656-2321

ICE Investor Contact:

Katia Gonzalez

katia.gonzalez@ice.com

(678) 981-3882

Source: Intercontinental Exchange

FAQ

What is the NYSE Tech Council?

The NYSE Tech Council is a group of senior technology leaders from NYSE-listed companies focused on thought leadership and best practices in technology.

Who are the members of the NYSE Tech Council?

The council includes Chief Technology Officers, Chief Information Officers, and other senior technology leaders from NYSE-listed companies.

What are the initial focus areas of the NYSE Tech Council?

The initial focus areas include cybersecurity matters and AI use cases.

How does the NYSE Tech Council support NYSE-listed companies?

The council provides thought leadership and actionable best practices to help companies leverage technology for business transformation.

What is NYSE Pillar?

NYSE Pillar is a multi-year technology upgrade that supports trading activity on NYSE's equity and options markets, enhancing performance and transparency.