NZX recruits Nasdaq tech whiz
NZX has beefed up its new technology subcommittee by appointing computer expert Peter Jessup as an independent member.
It’s one of a series of steps being taken by the local exchange as it follows the recommendations of a scathing Financial Markets Authority report issued after the cyber attacks it suffered in August and September, plus technical issues earlier in the year.
Sydney-based Jessup, billed as a “global expert in stock exchange computer systems”, spent 23 years at Nasdaq, overseeing the development of several products including the X stream matching platform — licensed by other exchanges including NZX.
He led a team of 250 as head of Nasdaq’s Global Technology Services group before leaving the US exchange three years ago to start his own consultancy.
According to his LinkedIn profile, Jessup spent part of his early career at NZX as a software engineer from 1986 to 1993 before moving to Australia then the US.
The technology committee, which also includes two NZX directors (John McMahon and Richard Bodman) was established in November in line with FMA recommendations.