Stuchfield to take over at EDX

11 Aug 2003

London Stock Exchange (LSE) has appointed Nic Stuchfield to head up its derivatives arm, EDX London. Stuchfield succeeds Marc Bailey, who left the business last month within days of the start of trading.

As managing director, Stuchfield will be responsible for...

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"For exchange-traded derivative markets, the monopoly of middle and back office providers is likely to be challenged. Historically, the three incumbent providers have been largely unchallenged due to widely held fears of ‘migration risk’."

Clive Furness, MD, Contango Markets