Former Nyse CTO Roger Burkhardt has joined open source database company Ingres Corporation as president and chief operating officer.
Burkhardt, 45, was previously chief technology officer and executive vice president at Nyse where he managed a global team of 2000 personnel.
Less than a year after joining the Nyse in 2000, Burkhardt's team built and deployed the Exchange's first automatic execution service. Subsequently, he helped design and successfully launch the hybrid market model which integrates elements of both the traditional auction market and automated trading.
Burkhardt was responsible for the technology that helped re-open the Nyse's trading floor in the week following the 11 September attacks and contributed to developments in business continuity and industry networking strategies that significantly improved the resilience of the US equity markets.
He also re-engineered the exchange's application development and infrastructure functions to improve cost effectiveness and speed to market and played a key role in the 2005 acquisition of Archipelago.
Prio to Nyse Burkhardt was president of listed equities for OptiMark Technologies, a developer of electronic trading technology.
He had earlier served 15 years with IBM, joining as a UK-based systems engineer and rising to director of capital markets, IBM banking, finance and securities.
At Ingres Burkhardt assumes immediate responsibility for worldwide sales and marketing as well as the global development and engineering organisation, and will also serve on the company’s board of directors.
Burkhardt will report directly to Ingres chairman and chief executive officer Terry Garnett.