Icap has re-hired the former operations chief of its electronic broking unit to help run its new securities exchange, as the interdealer broker evaluates the potential for listing other securities such as derivatives on the platform.

Financial News has learned that Ian Chicken, a veteran of the European derivatives markets, has joined Icap to become chief operating officer of Icap Securities and Derivatives Exchange, the loss-making exchange it acquired from Plus Markets Group in June. ISDX was formally relaunched yesterday.