Garry Jones, global head of derivatives at NYSE Euronext, is to step down following a management restructure at the US-headquartered exchange, the company has confirmed following a Financial News story.

Financial News this afternoon reported that NYSE Euronext had issued a memo announcing his departure after a transitional period. A spokesman for NYSE Euronext had no immediate comment, but in a written statement the company confirmed that Jones' job had been eliminated as the exchange looks to realign its customer-facing product and sales teams.