Mubasher: The New York Stock Exchange (NYSE) on Tuesday chose Stacey Cunningham to be the first woman to run both the NYSE and Nasdaq exchange in more than two decades.

Cunning, who has served as chief operating officer (COO), replaces Thomas Farley, who ran the NYSE since 2013 after it was bought by Intercontinental Exchange (ICE).

The NYSE’s first female leader began her career at JJC, which later became part of Bank of America Securities. She later held senior positions at Nasdaq before working at the NYSE.