The departure of Garry Jones, global head of Liffe, which was announced today by parent company NYSE Euronext, comes after a tough start to the year for the exchange, says William Mitting.
It has been a tough start to 2012 for Liffe, the
London-headquartered derivatives exchange. Volumes for the
first four months are down over 20% and a new launch on the AMX
Dutch mid cap index on Liffe Amsterdam flopped in April. The
departure of its bullish global head Garry Jones adds to its
Jones joined Liffe in 2007 as executive director of business
development, having been CEO at BrokerTec and subsequently CEO
of Icap’s electronic broking division once Icap
acquired BrokerTec. He took the helm in 2009 officialising his
dominance of the strategy of the exchange.
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