Chi-X Global, the holding company for the Chi-X execution platforms and trading technology provider Chi-Tech, has expanded its Asia-Pacific sales team with a view to growing its business in the region.
Christopher Brown will join the Hong Kong sales team and be responsible for servicing traditional long-only investment firms. He was previously managing director and head of sales at mergermarket, a mergers and acquisitions intelligence service.
Raks Sondhi will join the Singapore sales team, working with the high-frequency and quantitative investment community. Sondhi’s previous role was in the statistical arbitrage prime services business of Japanese investment bank Nomura. Before joining Nomura, Sondhi spent nine years at Lehman Brothers in London and Tokyo, first with firm’s equity research department and later with the quantitative services group of the bank’s Prime Service business, where he handled product and client relationship management for Lehman’s high-frequency trading business.
Both Brown and Sondhi will report to Ronald Gould, CEO of Chi-X’s Asia-Pacific operations.
“We see great opportunities to deliver savings through the Chi-X model to investors in Asia-Pacific,” said Gould, in a statement. “Chris and Raks bring a wealth of experience and relationships throughout the region that will be valuable in spearheading our business development efforts, and we’re glad to welcome them aboard.”?
In August Chi-X Global entered a joint venture with the Singapore Exchange to form a pan-Asian non-displayed trading platform. The firm is also seeking a proprietary trading system licence in Japan and is awaiting regulatory approval to launch Chi-X Australia, an alternative trading system.