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NYSE Euronext (NYX) has announced the hiring of Todd B. Abrahall as Vice President, Specialist Liaison; and Michael J. Rutigliano, Vice President, Broker Liaison. Each will be responsible for helping to advance the New York Stock Exchange equities market model and serving as liaison with the NYSE specialist and floor broker communities, respectively.
Mr. Abrahall, who will work with NYSE specialists, also will lead the discussion with regulators concerning transforming the NYSE market model into one featuring more value-added participation by specialists. Prior to joining the NYSE Euronext staff, Mr. Abrahall was president of Susquehanna International Group’s NYSE specialist operations, overseeing the firm’s unit on the NYSE trading floor.
Mr. Rutigliano, in addition to serving as liaison with NYSE floor brokers, will lead efforts by the NYSE to bring greater opportunities for the agency community of the NYSE trading floor to demonstrate their continuing value to customers. Before being hired by NYSE Euronext, Mr. Rutigliano was managing director of WJB Capital Group Inc., overseeing the firm’s operations on the NYSE trading floor. He is a past president of the Organization of Independent Floor Brokers.
“Both Todd and Mike are well respected by their constituencies and have years of battle- tested market experience. Having them advocate for their constituents both inside and outside the NYSE will be instrumental in putting forward the NYSE market model in its primary role – that is, serving the needs of its customers,” said Louis G. Pastina, Executive Vice President, NYSE Operations, to whom both Messrs. Abrahall and Rutigliano will report.
