Lee Hodgkinson, head of London-based stock exchange SWX Europe, will become CEO of SmartPool, the non-displayed multilateral trading facility set up by exchange group NYSE Euronext, on 1 May. He takes over from acting CEO Yvette Roozenbeek, who is also head of business development for cash markets at NYSE Euronext.
Hodgkinson has been CEO of SWX Europe, SIX Swiss Exchange’s London-based trading operation for Swiss blue chip stocks, since December 2006. In November last year, SIX announced it was closing SWX Europe and transferring trading of Swiss blue-chip stocks back to Switzerland.
Hodgkinson began his career in the markets division of the London Stock Exchange, where he worked for nine years.
“I believe SmartPool has a bright and exciting future, offering wholesale customers the opportunity to execute complex transactions efficiently and with minimum market impact,” said Hodgkinson in a statement.
NYSE Euronext launched SmartPool on 2 February this year. It offers non-displayed block trading in more than 1,000 stocks across 15 European countries. The exchange group developed SmartPool in conjunction with banks BNP Paribas, HSBC and J.P. Morgan.