NYSE Loses Another Tech Exec
June 12, 2012
A supplier of networking gear to NYSE Euronext has tapped the exchange operator’s global head of network services for a key post.
Juniper Networks said it appointed Andrew Bach as chief architect for its Financial Services Team. He had been senior vice president, Global Head of Network Services at NYSE Euronext.
Bach will be responsible for overseeing Juniper's sales team and helping define “next-generation architectures” for cloud computing and the mobile Internet.
His departure for Juniper comes a week after Stanley Young resigned as chief executive of NYSE Technologies, the builder of networks and faciltiies that support NYSE Euronext operations worldwide. Young was the architest of its strategy to build major data centers in Mahwah, N.J., and Basildon, England, and connect them with scores of “liquidity hubs” around the world.
Juniper has supplied networking gear and operating software to NYSE Euronext for more than six years. By running its Junos operating system, NYSE Euronext shaved latency in its data centers from 150 to 50 microseconds, according to Juniper.
At NYSE Euronext, Bach was responsible for planning the company's worldwide networks that link all NYSE stock markets together, as well as the national markets systems networks operated by the Securities Industries Automation Corporation.
Bach helped design and develop NYSE Technologies’ Secure Financial Transaction Infrastructure that connects trading firms to exchanges around the world, from different operators.