And then there was one.
Steve Crutchfield has become sole head of NYSE Euronext’s two U.S. options exchanges—NYSE Amex Options and NYSE Arca Options—taking on a job previously handled by three executives. Previously, Crutchfield was head of NYSE Amex Options.
As part of the restructuring, Paul Finnegan, formerly co-CEO of NYSE Arca Options, has departed. Finnegan joined LiveVol, operator of an options software vendor and brokerage based in San Francisco, as chief executive. Finnegan replaces LiveVol founder and CEO Ron Horwath, who is stepping aside.
Amy Farnstrom, also formerly co-CEO at NYSE Arca Options, will remain with the company. Farnstrom will continue to be responsible for technology initiatives and the San Francisco trading floor. She will also take on the role of head of product strategy, U.S. options, reporting to Crutchfield.
James Hyde, a senior vice president, will continue business development work with oversight of the New York options trading floor. He will also assume additional client development responsibilities for NYSE Arca Options.
In the single-stock listed options business, the two NYSE exchanges held a 25 percent market share at the end of August, second to the share of Nasdaq OMX Group’s three exchanges.
