ICE Recruits Lynn Martin as the New President of the NYSE

Intercontinental Exchange Inc. (NYSE: ICE) announced on Monday that it had recruited Lynn Martin as the next President of the New York Stock Exchange.

Finance Magnates recently learned from a press release that Lynn Martin, who has more than two decades of experience in the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term industry, has been selected by Intercontinental Exchange, a leading global provider of data, as its new President of the New York Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term.

Martin will take over from Stacey Cunningham, who was the NYSE’s first female president. In addition, Cunningham will take on the new role on the NYSE’s Board of Directors, which is owned by Intercontinental Exchange and stated in a press release. To add to that, the finance and securities lawyer and an ICE and NYSE board member, Sharon Bowen will become the NYSE’s next Chair.

This leadership shakeup arrives as the NYSE is experiencing an increase in competition from Nasdaq Inc. In 2021, Nasdaq has raised a total of $191 billion through IPOs. This is almost double the $109 billion raised at the NYSE, according to data from Dealogic.

Looking Back at Martin’s Vocation

Prior to the new role, Martin has spent almost eight years at Intercontinental Exchange. Most recently, she has fulfilled the role of President and COO of ICE Data Services for five and a half years. Before this promotion, she held the title of Chief Operating Officer of ICE Clear US where she spent fifteen months completing the requirements of the position, according to her LinkedIn profile.

Earlier in August 2013, NYSE Liffe US utilised her in the role of Chief Executive Officer. As well as that she served the company as CEO of New York Portfolio Clearing (JV between NYSE and DTCC) during this same time. Additionally, she was promoted from the post of COO of NYSE Liffe US which she started in July 2008.

The NYSE recruited Martin as its Executive Vice President back in June 2001. She stayed with the organisation for more than thirteen years as mentioned.

Also, her earliest known role was at IBM Global Services as a Project Manager. She began the position in June 1998 and stayed there for just over three years.