The New York Stock Exchange (NYSE) has announced the launch of the NYSE Tech Council, a group of senior technology leaders from NYSE-listed companies who will focus on exploring best practices for cutting-edge technologies such as artificial intelligence and cybersecurity.
The council, which will include chief technology officers, chief information officers, and other C-suite technology leaders, aims to convene conversations among market leaders to help listed companies make the best use of innovations in AI, cyber, and other key areas. This initiative comes as technology continues to evolve rapidly, and the NYSE Tech Council’s initial focus will be on cybersecurity matters and AI use cases.
Chuck Adkins, chief information officer at NYSE, stated, “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.”
The NYSE and its parent company, Intercontinental Exchange, Inc. (ICE), have a history of deploying cutting-edge technology to address market inefficiencies and provide transparency. In October 2023, the NYSE completed a multi-year upgrade of its technology supporting trading activity on its equity and options markets, resulting in the NYSE Pillar platform, which powers every exchange the NYSE operates.
Lynn Martin, president of NYSE, emphasized the importance of the NYSE Tech Council in the digital age, stating, “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.”
ICE operates futures, equity, and options exchanges, clearing houses, and provides financial technology and data services. The company also offers fixed income data services and execution capabilities.