Intercontinental Exchange Elevate Mayur Kapani As Chief Technology Officer

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Intercontinental Exchange Inc ICE revealed that it has elevated Mayur Kapani to the position of Chief Technology Officer (CTO). The company added that as CTO, he would oversee its global technology infrastructure including its futures exchanges, as well as clearing houses.

According to Intercontinental Exchange, he would offer guidance for technology at the NYSE and Interactive Data. He would report to its president and COO, Chuck Vice. Kapani joined the company in 2006, serving most recently as Senior Vice President of Trading Technology.

The company's chairman and CEO, Jeffrey Sprecher, commented about the appointment saying, "During the past decade, Mayur has played a key role in helping ensure our technology infrastructure is scalable, secure and among the most reliable in the financial industry. As we've grown from a single market to a leading operator of exchanges, clearing houses and data services for customers around the world, Mayur's expertise in technology and understanding of the financial markets remains instrumental in achieving our growth objectives."

Intercontinental Exchange said that Kapani came from the Philadelphia Stock Exchange, where he was VP of options development, focused on the transition of trading from a floor-based model to a high performance electronic platform. After joining ICE, he has been heading the teams responsible for several of its most critical systems. This included all ICE futures and options exchanges, ICE Trade Vault trade repository, ICE Benchmark Administration and SuperDerivatives.

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Posted In: NewsManagement
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