Bloomberg News reports that Ross, a managing director at Morgan Stanley, has been hired as chief executive officer of CurveGlobal, according to a person familiar with the decision who declined to be identified because they lack authorization to speak publicly. Ross declined to comment.
The project is a joint venture with major banks and options exchange, CBOE Holdings.
In the meantime, Reuters reports that half a dozen of the lowest ranking members on the London Metal Exchange with no trading rights, including global miner Rio Tinto, have resigned, the LME said on Friday.
A members' notice announcing the resignations of category 5 members gave no reason behind the moves, although one of the companies has upgraded its membership. A spokeswoman declined to comment.