The London Stock Exchange has appointed a group CIO to oversee the integration of its replacement IT platform from MillenniumIT.
Antoine Shagoury, who joins from the American Stock Exchange, where he was CIO, has in-depth experience with the MillenniumIT platform.
The American Stock Exchange is MillenniumIT's biggest project .
One financial commentator said this appointment shows the influence of the MillenniumIT management over the London Stock Exchange's IT strategy. "They have appointed somebody they know," he said.
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London Stock Exchange CIO David Lester will become director of information services and take control of the integration of the Turquoise trading venue and Baikal platforms.
A spokesman at the stock exchange said 2010 is a big year for the company's IT department and the company wanted "more bandwidth" to complete its ambitious projects.
This year will see the stock exchange integrate its business on the MillenniumIT platform and take over the running of trading venue Turquoise.
The announcement raises questions about the existing management team at Turquoise, which is being integrated with the London Stock Exchange.
Yann L'Huillier, CTO at Turquoise, said the management at Turquoise had not yet been informed of the new appointment. "This could suggest they want to change the management of Turquoise," he said.
Antoine Shagoury's career
2003-2009 American Stock Exchange (now a NYSE Euronext Company)
2004-2009 Executive vice-president, chief information officer, American Stock Exchange
2003-2004 Consultant, ECN/hybrid trading/business development, American Stock Exchange
1993-2003 Instinet Corporation
2002-2003 Chief Technology Officer, Instinet Services LLC
2000-2002 First vice-president, corporate operations and administration, Instinet Services LLC
1999-2000 Vice-president, IT global risk management, Instinet Services LLC
1995-1999 Director, global network architecture and planning, Instinet Services LLC
1993-1995 Manager, advanced client site engineering, Instinet Services LLC
1990-1992 Datastream Corporation