Nyse Technologies CEO Jon Robson and COO Terry Roche are set to leave the firm once parent company Nyse Euronext closes its $10 billion sale to IntercontinentalExchange, according to the Financial Times.
Citing sources, the FT says that the former Thomson Reuters men, along with Nyse Technologies global head of sales Peter Moylan, are expected to leave once the Nyse-ICE deal is completed on 4 November.
Robson joined Nyse Technologies last September from Thomson Reuters, where he was president of the enterprise division. His former colleague Roche joined shortly after.
The two were charged with aggressively expanding the business in the wake of Nyse Euronext's aborted merger with Deutsche Bourse, with the exchange group's CEO Duncan Niederauer calling for a doubling of revenue growth to $1 billion at the tech unit.
However, the ambitious target has fallen by the wayside and, according to the FT, ICE plans to spin the market data unit back to the exchange and sell off the remaining assets.
Top pair set to quit NYSE Euronext tech unit - FT