Press releases 2009
Nicolas Bertrand to become Managing Director of EDX, bringing Group cash equity and equity derivatives trading under single management
London Stock Exchange Group is pleased to announce the enlargement of Nicolas Bertrand's role within the Capital Markets division of exchange business.
From 1 January, Nicolas will become responsible for the Group's London-based derivatives business, EDX, in addition to IDEM in Italy and the Group's cash equity trading services.
Nicolas has been with the Company since 1999 when he joined Borsa Italiana to develop its Financial Institutions business. He played an integral role in the international expansion of IDEM and to the alignment of the product offering to the market's requirements. Before joining Borsa Italiana, Nicolas worked for Citigroup as a trader in the company's Treasury department.
Commenting on the appointment, Raffaele Jerusalmi, Director of Capital Markets, said:
"As we focus on increasing London Stock Exchange Group's presence in derivatives, we must consolidate our position and leverage our strengths. Nic has a deep understanding of the derivatives market; the enlargement of his role, therefore, is a natural step following the successful migration of EDX on to new technology earlier in the month."
Nicolas' appointment is subject to FSA approval.
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NOTES TO EDITORS
About London Stock Exchange Group:
London Stock Exchange Group is Europe's leading diversified exchange business, incorporating Borsa Italiana and London Stock Exchange. With over 500 member firms and more than 3,000 companies quoted across its markets, the Group operates the largest and most liquid equity marketplace in Europe.
The Group offers trading in a wide range of instruments, holding the number one position in trading exchange traded products (ETFs and ETCs) and through its interest in MTS, is the leading platform for the trading of fixed income products. Through MOT it offers a comprehensive range of European corporate and government bond trading services. Its Italian Derivatives Exchange Market (IDEM) sees over €2.5 billion worth of trading every day, and through EDX London the Group provides a facility for the trading of Scandinavian and Russian equity derivatives.
London Stock Exchange Group also offers post-trade services such as netting, clearing and settlement on an efficient and competitive basis. These include services from Monte Titoli, the Central Securities Depository for all Italian financial instruments, and Cassa di Compensazione & Garanzia (CC&G), which in July 2009 was granted Recognised Overseas Clearing House (ROCH) status by the FSA to operate in the UK.
London Stock Exchange itself is the world's most international exchange with over 600 overseas companies from more than 70 countries quoted on its markets. 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 1,385 companies at the end of July 2009.