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NYSE Euronext (NYX) today announced the appointment of Joseph M. Mecane as Executive Vice President and Chief Administrative Officer for U.S. Markets. Mr. Mecane will be responsible for U.S. market planning, analysis and project oversight. He will report to Lawrence Leibowitz, Group Executive Vice President and Head of U.S. Execution and Global Technology.
"Joe is a top-quality industry professional and market structure expert who brings a wealth of experience to our organization," said Mr. Leibowitz. "Joe will play a key role in ensuring that our strategy across our U.S. platforms is cohesive, highly competitive and responsive to our customers."
Mr. Mecane joins NYSE Euronext from UBS Investment Bank, where he was a Managing Director in the Equities Division, responsible for overseeing the firm’s wholesale and retail trade-execution business. He joined UBS in November 2004 when the firm acquired Schwab Capital Markets, where Mr. Mecane was a Managing Director and Chief Operating Officer and oversaw Schwab’s broker-dealer business. He has been deeply involved in market-structure issues, and at UBS ran the Equities Division’s committees on market structure and execution quality.
Prior to joining Schwab in 2003, Mr. Mecane held a number of positions at Knight Securities, including Chief Operating Officer of its Nasdaq division. Before that, he worked in the Securities Industry Practice group at PricewaterhouseCoopers LLP.
Mr. Mecane has been a member of the Trading Issues Committee of the Securities Industry and Financial Markets Association, the Trading Issues Committee of the Securities Traders Association, the Securities Traders Association of New York and the Nasdaq Quality of Markets Committee, and sits on the Wall Street Committee of the St. Jude Children’s Research Hospital. He earned his M.B.A. with honors from The Wharton School, University of Pennsylvania.
NYSE Euronext’s U.S. markets include the New York Stock Exchange, the world’s largest cash equities market; NYSE Arca, the first open, fully electronic U.S. stock exchange; NYSE Arca Options, one of the fastest-growing U.S. options trading platforms; and NYSE Bonds, a new, more efficient and transparent way to trade bonds. In addition, NYSE recently agreed to acquire the American Stock Exchange, pending approvals.
