LSE puts Nic Stuchfield in charge of EDX

The London Stock Exchange has appointed City old hand Nic Stuchfield as the new managing director of EDX London.

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LSE puts Nic Stuchfield in charge of EDX

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Stuchfield will report directly to LSE chief executive Clara Furse and will be charged with developing EDX London's equity derivatives business.

A Barclays' veteran and former chief executive officer of Tradepoint Financial Networks, Stuchfield set up his own consultancy business in 1999 following the takeover of the pan-European screen-based exchange by a consortium of brokers and financial services firms. Stuchfield reportedly walked away from Tradepoint with a £1.9 million share options pay-off.

The eponymous Stuchfield Consultancy will continue to operate during its founder's stint at EDX.

Stuchfield replaces Marc Bailey, a Clara Furse appointee, who left EDX abruptly in June shortly after the arrival of new LSE chairman Chris Gibson-Smith.

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