The Securities Industry Automation Corp. (SIAC), the technology arm of the New York Stock Exchange (NYSE) and the American Stock Exchange (AMEX), has promoted Dror Segal to the position of distinguished technologist and vice president. Segal, who formerly served as SIAC's senior technical director of shared systems, is now responsible for assessing and selecting the systems that the organization's exchange clients will use as their next-generation trading platforms.
"Technology has moved into a mode of continuous change .... You can't just build systems and say 'that's the end of the road,'" says Segal. "My role is to make sure that we're looking ahead and are ever-ready."
Segal says that his new job, in part, calls for him to "become the technology beacon" for SIAC, "identifying" problem areas and possible solutions. He also is expected to help SIAC establish a clear systems development direction. In his previous role at SIAC, one of Segal's most significant accomplishments was the design and implementation of NYSE 3D-a high-tech monitoring system that provides end-users with a 3D, visual representation of the Big Board's trading floor.
SIAC, founded in 1972, is responsible for the design, development, implementation and operation of the trading systems and communications networks that drive the NYSE and AMEX.