The chief executive of the London Stock Exchange's equities and derivatives platform Turquoise has resigned and is set to join the London Metal Exchange, Financial News has learned.

Adrian Farnham, Turquoise's chief executive since April last year, is set to join the LME's new post-trade division as chief operating officer, according to three sources familiar with the situation. He will report to Trevor Spanner, the LME's head of post-trade services, the sources said.