NYSE Euronext (NYX) has tapped Steve Crutchfield to fill the
newly created role of chief executive at its American Stock
Exchange options exchange.
Crutchfield, who comes from outside the company, will be
responsible for the day-to-day management of Amex options, one of
NYSE Euronext's two U.S. options exchanges. After the the U.S.
Securities and Exchange Commission's approval process, he will be a
primary liaison to the exchange's newly formed board of
directors.
The move pushes the Amex platform farther along in NYSE
Euronext's plan to run it in partnership with the seven bank and
trading firm partners it announced last fall. It has helped to
increase Amex's overall market share in recent months.
Crutchfield had been chief operating officer at Matlock Capital
LLC, where he oversaw all trading, quantitative research and
systems work from 2004 to 2009. Chicago-based Matlock's primary
role is to provide financial services to the Hull family and the
Hull Family Foundation.
"We will continue to build upon NYSE Amex Options' success and
ensure that it continues to flourish in the future," Crutchfield
said. "I look forward to playing a leadership role in that process
by collaborating with our partners, clients and the excellent team
already working to make this goal a reality."
Shares of NYSE Euronext were up 1.3% to $32.55 in recent
trading. The stock has gained 29% so far this year, far outpacing
broader stock markets.
-By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com