The board of CMS WebView plc is very pleased to announce that David Hardy, former Chief Executive of LCH.Clearnet, has been appointed as an advisor to the Company.
Until September, David Hardy served as Chief Executive of LCH.Clearnet, and before that of the London Clearing House (LCH), for 19 years. During his tenure David helped develop LCH from a predominantly commodities-related entity into a global Central Counterparty. In February 2007, he joined Man Financial, part of Man Group plc, one of the world’s leading providers of broking and clearing services.
David also serves on the Board of the Institute for Financial Markets in the US, and in the past he has held board positions at the International Petroleum Exchange, the Futures and Options Association and the London Commodity Exchange.
As an advisor to CMS, David will be providing strategic advice and practical support using his business contacts developed over many years in the banking technology arena. His appointment is the latest move by CMS to increase sales of its proprietary TDI™ software, which processes mission critical live financial data.
CMS’s customer base includes traditional Exchanges represented by clients such as the Chicago Board of Trade, and its product offering is also suitable for investment banks, trading organisations and quote vendors.
The Company’s new business plan also addresses opportunities to sell tailored versions of TDI to UK financial institutions with a Markets in Financial Instruments Directive (MiFID) need.
TDI’s extensive library of standard input and output interfaces, and its easy to use design tools, can be bolted onto existing market data infrastructure at relatively little cost to organisations that have to comply with MiFID from November 2007.
Bob Antell, Chief Executive Officer of CMS, said: “We are extremely pleased that David has agreed to offer his advice and support in this exciting phase of the Company’s development. David brings a vast range of valuable experience and contacts that are very relevant in our drive to increase the market penetration of TDI.”
