Press releases 2009

The London Stock Exchange Group today announces the appointment of Mark Ryland as Chief Technology Officer of Baikal, its forthcoming pan-European dark liquidity trading venue.

Mark joins from SWX Europe where he was COO. Prior to that he held a series of senior equities trading technology positions, most recently at Merrill Lynch and HSBC, where he was Global Head of Equities IT. Mark has extensive experience of dark pool, smart order routing and algorithmic trading technology delivery.
 

Earlier this month Chris Rennoldson was appointed COO and Natan Tiefenbrun as Commercial Director. Today’s announcement completes the senior management line-up at Baikal, which is now set to go live later this year.

John Wilson, CEO of Baikal, said:

“We are delighted to welcome Mark to the Baikal team. Progress towards launch continues at an encouraging pace: the build phase has already begun and now that the management team is complete we look forward to announcing further technology developments in the next few weeks.”

Subject to receiving the necessary regulatory approvals, Baikal will offer customers a new proposition in European equities trading by combining algorithmic and smart order routing technology with a multilateral non-display liquidity pool.

Baikal will be a pan-European MTF (multi-lateral trading facility) offering a neutral liquidity venue open to all market participants.

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For further information, please contact:

Patrick Humphris/ Press Office +44 (0)20 7797 1222

Jonny Blostone     newsroom@londonstockexchange.com

Notes to editors

· About the London Stock Exchange Group:

London Stock Exchange Group is Europe's leading diversified exchange business. It operates Europe's largest and most liquid equity market, holds the number one position in trading ETFs and securitised derivatives, and through its interest in MTS, is the leading platform for the trading of fixed income products.

The London Stock Exchange itself is the world's most international exchange with nearly 700 overseas companies from over 70 countries on its markets. It has consolidated this position in the last three calendar years, having attracted 218 international companies which raised over £32 billion between them. These figures include international companies on AIM, the London Stock Exchange's growth market, which has grown to become the world's most successful market for small and medium sized enterprises with over 1500 companies at the end of 2008.

Following its merger with Borsa Italiana in 2007, London Stock Exchange Group also now offers post-trade services such as netting, clearing and settlement on an efficient and competitive basis, and a comprehensive range of European bond trading services through MTS.