(By Balaseshan) NYSE Euronext (NYSE:NYX), a global operator of financial markets, said it eliminated the role of Global Head of Derivatives, as part of an organizational realignment of its customer facing product and sales organizations.
As a result of the realignment, NYSE Euronext's current Global Head of Derivatives Garry Jones has decided to leave the company effective at the end of June.
Jones joined NYSE Liffe, a leading European derivatives businesses, in August 2007 as Executive Director, Business Development and Strategy and was named Global Head of Derivatives for NYSE Euronext in May 2009.
Chief Executive Duncan Niederauer personally thanked Garry Jones for his leadership during his five years with NYSE Euronext, and for his overall contribution to the company's success in his role as Global Head of Derivatives.
The company said realigning its organization around product platforms and refocusing its sales efforts will help NYSE Euronext optimize and deepen the relationships it has with global clients.
NYSE Euronext offers an array of products and services in cash equities, futures, options, swaps, exchange-traded products, bonds, clearing operations, market data, commercial technology solutions and carbon trading, all designed to meet the evolving needs of investors, issuers, financial institutions and market participants.
With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets -- the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca -- represent one-third of the world's equities trading, the most liquidity of any global exchange group.
NYX is trading down 2.32% at $24.42 on Wednesday. The stock has been trading between $21.80 and $36.41 for the past 52 weeks.