Fledgling Derivatives Market Hires Ex-DTCC Executive as Chairman

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Former Depository Trust & Clearing Corp. executive Sandy Broderick has joined a fledgling European derivatives exchange as chairman.

Global Markets Exchange Group International appointed Broderick as a non-executive director, according to a statement on Wednesday. He was previously the chief executive officer of DTCC Deriv/SERV, DTCC’s repository for over-the-counter derivatives trades.