Mark Ibbotson, formerly the Chief Operating Officer of NYSE Euronext's Global Derivatives segment, will lead the implementation team as Executive Vice President, Global Clearing, reporting to Duncan Niederauer, the Group Chief Executive Officer. Reporting to Mr. Ibbotson will be Declan Ward, Executive Director of NYSE Liffe Clearing in London, and Michel Favreau, the Company's Clearing Project Director in Paris.

Mr. Niederauer said : "Our new European Clearing Houses will be central to our strategy of expanding our community, delivering value to customers and diversifying the business mix of NYSE Euronext. This initiative will substantially extend our post-trade capabilities and build on our existing London NYSE Liffe Clearing operations as well as our launch of NYPC in the U.S. early next year. Mark Ibbotson and his team have an exciting task ahead to develop new and innovative clearing solutions for our customers which will enable further growth in our trading franchises and open up new opportunities in clearing."

Mark Ibbotson added: "This is a very exciting opportunity to work with our customers and the wider community to develop purpose-built clearing houses in London and Paris which will deliver genuine added value to the marketplace. Clearing is an essential component to the safety and soundness of the markets and we look forward to engaging with customers, regulators and suppliers as we now translate our clearing house design work into more detailed delivery plans."

Construction plans for the new clearing houses are progressing on schedule with the initial design phases completed. Mr. Ibbotson and his team will further engage with customers and regulators to validate various aspects of the design before the main construction phases begin next year.

About the Clearing House Leadership Team
Mark Ibbotson has over 20 years experience at NYSE Euronext in leadership roles spanning clearing operations, trading ope operations and technology development. Mr. Ward has successfully led the Group's existing London Central Counterparty (CCP) operations since launch in 2009, and will now lead the effort to build-out our full-service Clearing House in London. Mr. Favreau, who has rejoined NYSE Euronext to lead our Paris Clearing House project, has led the clearing operations of the Matif exchange in Paris before spending much of the last decade in Canada running the clearing division of the Montreal exchange.

All three men each have over 20 years' clearing operations experience and have all led major infrastructure transformation projects during their careers. They will be working closely with NYSE Euronext's Cash and Derivatives leaders to ensure that the two new Clearing Houses will deliver all of the required services, while adopting a common approach wherever possible to maximise synergies for customers.