Divisions

Divisions
Divisions

Business Divisions

Corporate Services – This division provides high-quality, cost-effective corporate services to assist the NYSE in meeting its strategic business goals. This division works closely with all business units, as well as outside suppliers, identifying effective options to meet the NYSE’s ever-changing infrastructure and corporate services needs. A wide range of services are offered including Food and Member Services, Records Management, Listed Securities Library and Printing and Production Services.

Communications & Government – This division creates, develops, and manages a broad range of programs to further enhance the NYSE’s message around the world, and includes Media Relations, Advertising, Interactive Communications, Events and Editorial Services.

It also works to develop and foster strong working relationships with government officials to advance the public policy goals of the Exchange.

Competitive Position Group – This group works to enhance the NYSE’s competitive position by maximizing market share, selling NYSE products and services, and gaining support for our policies and initiatives.

Global Corporate Client Group – This division has primary responsibility for the listing of new companies and servicing of clients. The New Listings group works to attract companies to list on the NYSE, either as transfers from other exchanges or as Initial Public Offerings (IPOs). Once these companies list with the NYSE, the Client Service group accommodates their ongoing needs as NYSE-listed organizations.

Corporate Secretary – The Corporate Secretary acts as the liaison between the Board of Directors, its committees, and the management of the Exchange. This office also administers forums for dispute resolution and hearings of disciplinary charges.

Equities – The Equities division is responsible for providing the day-to-day operational support inherent to managing an equities market of more than $12 trillion in market capitalization. This group ensures that both the trading floor and trading systems are working at peak efficiency. The Equities group is composed of three areas: Market Operations, Technology, and Market Data.

Finance – Considered “the financial engine behind the premier financial market,” Corporate Finance serves as a value-added service provider to the Exchange and plays a strategic role the NYSE’s competitive position. To accomplish its mission, the division focuses on streamlining processes, enhancing the NYSE’s financial technology platform, increasing productivity and profitability, ensuring high standards and transparency in financial reporting, and providing business analysis relevant to the corporate objectives.

Human Resources – This division is responsible for identifying, developing and retaining the NYSE’s future leadership, as well as maintaining the Exchange’s status as an employer of choice. Human Resources partners with all other Exchange divisions to build a corporate culture that measures, recognizes and rewards dedication to NYSE values, teamwork, initiative, and individual excellence.

Office of the General Counsel – The Office of the General Counsel provides legal services and support to other divisions within the organization, identifying and addressing any legal threats to the Exchange.

Research – Economists at the NYSE provide analytic support for the Exchange’s interests relating to market structure, including: transparency, liquidity, volatility and other equity market issues. In addition to contributing to the formulation and execution of policy in these areas, our economists conduct independent research on a wide range of topics.

Security – This division is responsible for the safety and protection of the Exchange’s employees, Members, their employees and visitors as well as its facilities and other assets. Comprised mainly of individuals with military and law enforcement backgrounds, the Security team works around the clock to ensure the NYSE is protected.

Technology – This division is responsible for developing and building the systems on which the Exchange runs its business. Comprised of individuals from a wide array of backgrounds, it is loosely divided into groups that support trading floor technology, corporate technology and regulatory technology.

NYSE Governance
To best serve the investing public, its member-owners and listed companies, the NYSE has created a governance structure that reflects the highest standards of independence, oversight and transparency. This structure strengthens the independence of the NYSE board and key committees and better insulates the Exchange’s regulatory function from its market operations.
A Fully Independent Board
For the first time in NYSE history, the Board of Directors (BoD) is independent of NYSE management, members and listed companies. The board, which consists of six to 12 individuals, plus a chairman and a CEO, has full fiduciary responsibility and supervises the Exchange’s regulation, governance, compensation and internal controls.
The Board of Executives
Serving in an advisory role to the BoD, the separate Board of Executives (BoE) consists of 20 to 25 individuals representing NYSE constituents, as well as the NYSE chairman and the CEO. The BoE meets at least six times a year to discuss Exchange performance, membership issues, listed-company issues and public issues relating to market structure and performance. The BoE meets with the Exchange’s BoD in joint sessions several times annually and provides the BoD with reports of deliberations.

Candidate Nomination Policy for NYSE Board of Directors
If you are an investor in equity securities or a member of the Exchange, you may recommend director candidates for consideration by the Nominating & Governance Committee of the Board of Directors. All director candidates nominated by an investor in equity securities or an NYSE member must follow the requirements outlined in the Candidate Nomination Policy.

NYSE GOVERNANCE STRUCTURE
BOARD OF DIRECTORS (BoD) BOARD OF EXECUTIVES (BoE)
Responsibilities:

– The fiduciary
– Ultimate responsibility for NYSE performance
– Accountable to the investing public and to the community at large
– Regulatory oversight Responsibilities:

Advising the BoD and management on:
– NYSE operations
– NYSE evolution within context of market structure and performance
– The leadership role of the NYSE, its Chairman and its CEO
Composition:

– Six to 12 independent directors
– NYSE CEO
– NYSE Chairman Composition:

20-25 individuals representing key NYSE constituents, including: – Institutional investors/public pension funds

-Meets both separately from and jointly with the BoE Meetings:

– Periodically meets jointly with BoD – Lessor and floor representatives meet separately with BoD annually
Standing BoD Committees:

– Regulatory Oversight Committee – Human Resources & Compensation Committee – Audit Committee – Nominating & Governance Committee
– Regulation, Enforcement & Listing Standards Committee

Joint Committees: – to be named
Advisory Committees: – Report to BoD

Market Performance Committee
Allocation Committee -Report to BoD
Transparency
Each year, the Exchange discloses the board committee charters and activity reports; membership on the BoD, BoE and various standing and advisory committees; and the facts establishing each board member’s independence, including any non-director relationship between board members and the NYSE itself, as well as any material relationships among board members.

The Exchange also makes public the compensation of top management, as well as the Exchange’s nominating procedures, charitable activities, political activities and contributions.

In addition, the NYSE provides Exchange members and the investing public with the opportunity to communicate with board members.

Leadership

Institutional Traders Advisory Committee
Institutional Traders Advisory Committee

The NYSE Standing Committees will be created or reconstituted as outlined in the amended and restated NYSE Constitution. Certain committees will consist solely of directors; certain committees will consist of both directors and members of the Board of Executives.

For further information regarding the NYSE Standing Committees, please see:
NYSE Constitution See also: Governance architecture chart (pdf)

Audit Committee
The Audit Committee is appointed by the Board of Directors (the “Board”) and charged with monitoring the internal and external reviews of the finances of the Exchange and its subsidiaries, and of the Exchange’s information technology systems.
Download Committee Charter

Human Resources & Compensation Committee
The Human Resources and Compensation Committee (the “Committee”) is appointed by theBoard of Directors (the “Board”) and is charged with duties relating to human resources policies and procedures, employee benefit plans, compensation and disclosure.
Download Committee Charter

Nominating & Governance Committee
The Nominating & Governance Committee is appointed by the Board and charged with (i)recommending to the Board candidates for the Board of Directors, the Board of Executives and for Trustees of the Gratuity Fund, (ii) reviewing the Exchange’s governance principles and practices, (iii) establishing and overseeing self-assessment by the Board and the Board of Executives, (iv) recommending director compensation, and (v) succession planning for the Chairman and Chief Executive Officer of the Exchange.
Download Committee Charter

Regulatory Oversight Committee
The Regulatory Oversight Committee (the “Committee”) is appointed by the Board of Directors (the “Board) and is charged with evaluating and determining the Exchange’s regulatory plan, programs, budget and staffing proposals annually and will be responsible for assessing regulatory performance and for recommending compensation and personnel actions involving senior regulatory personnel. In addition, the Committee is charged with furthering public confidence in publicly traded companies and securities markets by considering measures with respect to listing standards, shareholder accountability and corporate governance. This Committee is also responsible for oversight of the Regulation, Enforcement & Listing Standards Committee.
Download Committee Charter

Regulation Enforcement & Listing Standards Committee
The Regulation, Enforcement & Listing Standards Committee (the “Committee”) is appointed by the Board of Directors (the “Board”) and is charged with (1) hearing appeals from disciplinary decisions, (2) conducting reviews of staff delisting determinations and (3) providing advice to the Regulatory Oversight Committee.

Advisory Committees Back to Top

Purpose: Advisory Committees to the NYSE Board of Directors (the “Committees”) are appointed by the Board of Directors (the “Board”) to represent the interests of Exchange customers and constituents.

Committee Composition and Charge: Each Committee shall be composed of up to 25 members who are representative of their constituencies and shall be charged with representing the views and attitudes of their respective constituencies. For further information regarding the NYSE Advisory Committees, please click here

Exchange Traders Advisory Committee
Composition: Representatives from major NYSE member organizations who originate institutional or retail order flow on the NYSE trading floor, and whose responsibility within their organization identifies them as lead floor broker (or his/her designee).

Charge: Provide advice on:
policies, programs, and procedures to strengthen the efficiency and expand the usage of Exchange markets;
the prospective impact of proposed policies, rules, and related matters on the needs and interests of Exchange traders; and
ways to enhance communication between the NYSE and Exchange traders.
Individual Investors Advisory Committee
Composition: Representatives of individual investors of publicly owned securities.

Charge: Provide advice on:
policies, programs, and procedures to advance the interests of individuals who invest in equity securities;
policies, programs, and procedures to protect free and open securities markets for all investors;
the prospective impact of proposed policies, rules, and related matters on the legitimate interests of individual shareholders and retail clients of member organizations; and
ways to enhance communications between the NYSE and individual investors.
Institutional Traders Advisory Committee
Composition: Head traders at leading financial institutions who have a professional and practical knowledge of equity trading procedures.

Charge: Provide advice on:
policies, programs, and procedures to strengthen the efficiency of Exchange markets;
the prospective impact of proposed policies, rules, and related matters on the needs and interests of institutional investors; and
ways to enhance communications between the NYSE and investing institutions.
International Advisory Committee
Composition: Active chairs and/or chief executive officers of non-U.S. based companies or financial institutions, and individuals who have professional knowledge of international capital markets and practical experience in international financial matters.

Charge: Provide advice on:
strengthening NYSE policies and programs dealing with the internationalization of capital markets;
legislative and regulatory proposals that impose duties or responsibilities on corporate boards of publicly owned issuers;
facilitating multinational offerings of corporate securities;
facilitating trading by non-U.S. residents in U.S. securities; and
ways to enhance communications between the NYSE and the international corporate community.
Legal Advisory Committee
Composition: Members of the legal community who represent diverse geographical areas and types of legal practice, including at least three representatives of each of the following four categories: NYSE listed companies; NYSE member organizations; private practitioners; and academics/miscellaneous.

Charge: Provide advice on:
corporate governance matters;
matters relating to regulation of the financial services industry;
legal matters relating to industry rules and regulations; and
other subjects involving broad legal issues or principles that affect the NYSE, the securities industry or the U.S. capital markets.
Listed Company Advisory Committee
Composition: Chief executives or chief operating officers of NYSE listed companies, selected to be representative of a broad range of Exchange listed companies in terms of size, industry, geographical location, and length of time listed.

Charge: Provide advice on:
policies, programs, and procedures to strengthen the U.S. capital markets systems and the efficiency of the Exchange’s marketplace;
the prospective impact of proposed policies, rules, and related matters on the needs and interests of listed companies; and
policies, programs, and procedures to protect free and open securities markets for all investors.
Pension Managers Advisory Committee
Composition: Senior executives of corporate pension plan sponsors and miscellaneous pension funds responsible for investment of private noninsured employee benefit assets, state and local government employee retirement systems, foundations and endowments, and other such organizations as the NYSE Board may deem appropriate.

Charge: Provide advice on:
policies, programs, and procedures to strengthen the U.S. capital markets systems and the efficiency of the Exchange’s marketplace;
the prospective impact of proposed policies, rules, and related matters on the interests of pension managers;
ways to enhance communications between the NYSE and pension managers.
Upstairs Traders Advisory Committee
Composition: Senior executives or professional securities traders who daily transact orders of all sizes for public investors and whose responsibility may also entail exposing their organizations’ own capital to risk in order to facilitate the execution requirements of investing institutions.

Charge: Provide advice on:
policies, programs, and procedures aimed at enhancing the efficiency of the NYSE’s marketplace, including improving the liquidity, depth, and price continuity in listed securities;
ways to enhance communications between the trading floor and the upstairs trading desks of member organizations.

On December 17, 2003, the SEC approved a new governance structure for the NYSE. The NYSE Board of Directors is now comprised of 8 members, all of whom are independent, as well as a Chairman and the separate Chief Executive Officer.

On December 18, 2003, the New York Stock Exchange announced the appointment of 19 of 22 individuals to serve on the NYSE’s Board of Executives, an advisory panel that is representative of NYSE constituents.

The BoD will appoint individuals to the BoE annually, contemporaneous with the BoD’s annual election. The current boards will serve until next year’s annual meeting, which is scheduled for April 7, 2005.
John S. Reed
Chairman of the Board of Directors
John S. Reed was named Chairman and Chief Executive Officer of the New York Stock Exchange on Sept. 21, 2003. Since the appointment of John A. Thain as CEO effective Jan. 15, 2004, Mr. Reed continued as interim Chairman. On April 1, 2004, the NYSE Board of Directors appointed Mr. Reed Chairman until the 2005 annual meeting.

The Board of Executives (BoE) is comprised of the following representatives of the NYSE’s various constituencies*:

Individual Investor
Kurt Stocker, Professor, Northwestern University Medill School of Journalism and chairman,
NYSE Individual Investors Advisory Committee Institutional investors
Laurence D. Fink, Chairman and CEO, BlackRock, Inc. Richard H. Moore, State Treasurer, North Carolina Allen Reed, President and CEO, GM Asset Management

Listed companies
Louis Camilleri, Chairman and CEO, Altria Group Inc. Carly Fiorina, Chairman and CEO, Hewlett-Packard Company Unaffiliated lessor members Andrew Cader William R. Power

Member firms that deal with the public  James E. Cayne, Chairman and CEO, The Bear Stearns Companies Inc.
E. Stanley O’Neal, Chairman and CEO, Merrill Lynch & Co., Inc.
Henry M. Paulson, Jr., Chairman and CEO, The Goldman Sachs Group, Inc.
Philip Purcell, Chairman and CEO, Morgan Stanley Thomas A. Renyi, Chairman and CEO, The Bank of New York
William B. Summers, Jr., Chairman, McDonald Investments Inc.

Trading-floor representatives
Arthur D. Cashin, Jr., Managing Director, UBS Financial Services, Inc.
John F.X. Dolan, Partner, Van der Moolen Specialists USA
Doreen Mogavero, President and CEO, Mogavero, Lee & Co. Peter J. Murphy, Chief Executive Officer, Bear Wagner Specialists
Robert H. McCooey, Jr., President and CEO, The Griswold Company
*The BoE will meet at least six times a year to discuss Exchange performance, membership issues, listed-company issues and public issues relating to market structure and performance. The BoE will meet with the Exchange’s Board of Directors (BoD) in joint session several times annually, provide the BoD with reports of deliberations, and serve on some joint committees with members of the BoD; BoE members do not serve on the Regulatory Oversight and Regulatory Budget Committee, or on the Audit, Nominating and Governance, and Human Resources and Compensation Committees.

Integration Partners

mands and business
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As the leader in providing real-time online current awareness, Moreover understands the content demands and business requirements facing enterprises today and recognizes the value of partnering to deliver solutions that create business value for customers.

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Integration Partners
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Biz360 and Moreover have partnered to deliver real-time online news content from Moreover into Market360, the industry’s first market intelligence application. This enables access to real-time monitoring and continuous analysis of Moreover current awareness content through Market360 to help manage corporate and brand reputation.

Grand Central 
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IBM 
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Information 360° 
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Verity
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RSS Partners
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Bradbury Software
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Clovis
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Deepnet Explorer 
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NewsGator Technologies 
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Optimal Access 
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Pluck Corporation 
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Resellers
Freecom
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