NASDAQ OMX NLX, the London derivatives market for trading a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and sterling-denominated listed derivative products, has appointed Anthony Belchambers, Rod Banus and Andrew Chart as non-executive directors.
Belchambers (pictured) is the former chief executive of the Futures and Options Association (now FIA Europe), which he set-up in 1993 with the industry and which now represents 170 members.
He is currently deputy chairman (and co-founder) of the Advisory Group to the European Parliamentary Financial Services Forum, and founder and industry deputy chairman of the Associate Parliamentary Group on Wholesale Financial Markets and Services.
Belchambers is a barrister and has previously held positions as a regulator and market counsel.
“NLX has had a positive start and is bringing much needed competition to European derivatives during a period of significant change”, says Belchambers. “With a considerable amount of regulatory and market structure change still to come, I hope to make a positive contribution to NLX’s growth and continued success.”
Belchambers is joined by Banus and Chart, who are appointed to the board to represent the NLX founding participants.
Banus is currently executive director at Nomura International and has previously held senior positions at Dubai Mercantile Exchange (DME), the Singapore Exchange (SGX) and Barclays Capital.
Chart is a senior director, origination and structuring – prime clearing services at Newedge Group, and has held positions at Fimat International Banque SA and Man Financial.
”NLX is maturing as an exchange, with a good quality orderbook, sustained market share to build upon and significant pipeline of new participants joining,” says Charlotte Crosswell, chief executive officer of NLX. “With the continued positive market structure developments in Europe, coupled with the ongoing growth and expansion of our market, now is the right time to expand the NLX board with directors that have strong knowledge and experience of all the vital facets of our market including regulation, trading and clearing. This will support NLX in the next phase of its growth story.”