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London Stock Exchange prepares to launch futures market


The London Stock Exchange has named the board of directors for CurveGlobal, the new interest rate futures exchange it plans to launch in Q2 this year. The names chosen include representatives from BNP Paribas, Citi, Barclays and the CBOE.


CurveGlobal is part of a long-cherished plan by the LSE to break into the European derivatives market, which is currently dominated by Germany’s Eurex and ICE. CurveGlobal is being launched as a low-cost platform that will seek to lure transactions away from the established players.


The appointees to the new board include Richard Sears, global COO of macro rates and trading at Barclays, Gaspard Bonin, deputy global head of derivatives at BNP Paribas; Ashlin Kohler, director of EMEA rates and credit ecommerce at Citi and John Deters, chief strategy officer at the CBOE, as well as Nikhil Rathi, chief executive at the LSE. The new exchange still has yet to appoint a chief executive, but Cathryn Lyall has been confirmed as chief operating officer.


CurveGlobal has support from several major banks, including Barclays, Bank of America Merrill Lynch, BNP Paribas, Citi, Goldman Sachs and Societe Generale.




For more information, please contact:

Anita Karppi

Managing Director

K&K Global Consulting

T: +44 (0) 203 411 3996



About K&KGC

K&KGC is a unique buy side consultancy which engages with senior buy-side heads of trading on a regular basis with research and roundtable debates on topics of their choice. The company organises private and exclusive the Alpha Trader Forum (ATF) and Asia Buy-side Forum (ABF) roundtable debates in equities, fixed income and foreign exchange in London, Stockholm, Copenhagen, Frankfurt, Paris and Singapore, Hong Kong, Boston and New York. K&KGC also produces the Buy side perspectives - news, research, rankings and awards based on buy-side input on key issues for the dealing desk and trading environment.

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