The deputy chief executive of the London Stock Exchange (LSE) has announced he is to step down. Martin Wheatley has resigned after 18 years with the company and the LSE said it had no plans to replace him.
Analysts said that Mr Wheatley's departure will have little effect on future strategy, which may involve a merger with another exchange.
The 45-year-old had competed against current chief executive Clara Furse for the top job at the LSE.
The LSE said Mr Wheatley's departure was an amicable decision.
A spokesman for the LSE denied claims of a clash between Mr Wheatley and Ms Furse, saying that the two had worked well and closely together over the past three years.
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