BATS Chi-X Europe, the region’s largest equities trading venue by volume traded, has appointed David Howson as COO from rival multilateral trading facility Equiduct Systems.
Howson helped establish Equiduct as a regulated MTF in 2006, and developed its trading and market data systems as chief technology officer. He will begin work with BATS Chi-X Europe in June.
His experience with Equiduct, which included designing and implementing the firm’s technology platform and market structure, was a major factor in his selection. He was also responsible for technology strategy, market structure and post-trade services for Equiduct – areas vital to BATS Chi-X Europe’s strategy.
“We are delighted to welcome David to BATS Chi-X Europe,” said Mark Hemsley, CEO, BATS Chi-X Europe. “He brings considerable experience to our management team, and a proven track record of implementing robust trading systems and operational excellence,” he said.
“His background in delivering solutions to the European retail market at Equiduct underscores our commitment to strengthen our customer relationships and respond to a broad range of customer needs.”
Howson has some 14 years experience in financial markets in both Europe and North America and prior to Equiduct, worked for Reuters Consulting as principal consultant and solutions architect. In this role, he helped develop a pan-European equities trading platform for Nasdaq Europe and the Super Montage Hybrid trading system for Nasdaq Deutschland.