Tom Farley Biography

Farley was appointed the head of the New York Board of Trade when he was just 30 years old. Being young and coming from the tech world made Farley an instant enemy with Wall Street's old-school traders at the NYBOT, an underperforming commodities exchange that conducted the majority of its trading on its physical floor at a time when the rest of Wall Street was moving toward electronic trading. Farley's new task is comparable but greater and more significant. He became the second-youngest president of the New York Stock Exchange when he was appointed in May. He has already made management changes. According to Jeffrey Sprecher, CEO of the Intercontinental Exchange, which last year acquired the NYSE.

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