London, 26 October 2016

London Derivatives Exchange unveiled following restructure

 

London Derivatives Exchange (LDX) Group today announced its rebranding, following separation from GMEX Technologies.  Incorporating London Derivatives Exchange Limited and Global Derivatives Indices Limited (GDI), the new structure will enable the company to deliver an expanding range of products responding to changing market dynamics.

The management team of LDX Group will be led by Vj Angelo as CEO, with James Davies as COO.   Sandy Broderick continues as non Executive Chairman of both LDX and GDI alongside non-exec board members Phillip Simons, Global Head of Fixed Income Sales and Senior Expert Stuart Heath both from Deutsche Börse. Societe Generale’s interests are represented by David O’Shaughnessy, Head of EMEA Prime Brokerage and Clearing, Prime Services.

“This is an exciting time for the company,” commented Angelo.  “The new structure marks the next phase of development, which will enable our highly skilled team to work with our clients in developing solutions to address the rapidly changing economic and trading landscape.   With the Interest Rate Swap Constant Maturity Future we have begun the process.  LDX is now planning to introduce a number of new approaches to augment the IRS CMF in a variety of asset classes. Our aim is to work with our clients and the market place as a whole to resolve some of the many issues brought about by regulatory change and the current economic conditions.”

“LDX can now focus on delivering its approach to market change,” added Broderick.  “In LDX we have the people and the products to make a real difference to how markets trade and clients interact with each other.  Our CMF product demonstrates a thoughtful approach to the needs of a broad range of clients when creating solutions for the new regulatory environment.  The LDX team can now look to expand and strengthen the adoption of the CMF and other products to meet client needs now and in the future.”

<<ends>>

 

 

For media enquiries

VJ Angelo

London Derivatives Exchange

E: vj@londondx.com

T: +44 7454 330 400

 

 

Carole Bishop

PR Manager

Societe Generale

E: carole.bishop@socgen.com

T: +44 (0)20 7762 5499

 

Heiner Siedel

PR Manager

Deutsche Börse Group

E: Heiner.Seidel@deutsche-boerse.com

T:+49 69 2111 7764

 

About London Derivatives Exchange (LDX) Group

LDX Group operates an order matching platform (LDX) and product development company (GDI) delivering new derivative products to a market shifting rapidly due to regulatory change. With its initial product the Euro denominated Interest Rate Swap Constant Maturity Future (IRS CMF) and related indices, LDX is working with market participants to provide solutions across a variety of markets bringing together new liquidity pools.  

LDX bridges the gap between listed and OTC derivatives, creating hybrid products through its unique IP, centrally cleared at Eurex Clearing.

LDX stakeholders include Deutsche Borse AG and Societe Generale Corporate and Investment Banking.  

London Derivatives Exchange Ltd is authorised and regulated by the Financial Conduct Authority.