"The world doesn't stand still, and neither can the New York Stock Exchange," Bloomberg said in a statement, adding, "And with the co-headquarters here in New York City, it reaffirms the central position that New York continues to play in the international financial system." Chief Executive of NYSE Euronext Duncan Neiderauer said that choosing a name for the company would be an "emotional decision," according to CNBC. The chairman of the new stock exchange will reportedly be Reto Francioni, CEO of Deutsche Boerse.