IT executives at NYSE-listed companies will develop best practices for cutting-edge technologies.
The New York Stock Exchange has launched the NYSE Tech Council, a group of senior technology leaders that will explore best practices for artificial intelligence, cybersecurity, and other cutting-edge technologies.
“The council will be comprised of chief technology officers, chief information officers and other C-suite technology leaders from NYSE-listed companies,” according to the announcement.
“With technology evolving rapidly, the NYSE Tech Council’s initial focus will be cybersecurity matters and A.I. 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,” officials say.
“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 A.I., cyber, and other key areas,” says Chuck Adkins, chief information officer, NYSE, in a prepared statement.
NYSE and parent company Intercontinental Exchange, Inc. (ICE) deployed “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,” officials say.
“The result — 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,” officials say.
“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,” says Lynn Martin, president, NYSE, in a statement.
ICE operates futures, equity, and options exchanges and clearing houses, and provides financial technology, data services, workflow tools, and facilitates the trading and clearing of energy and environmental products, officials say. The company also offers fixed income data services and execution capabilities.