BATS Chi-X Europe, the pan-European multilateral trading facility (MTF), has announced the departure of its chief technology officer.
Florian Miciu joined Chi-X Europe in December 2008 and was a key figure in the platform’s initial growth, prior to its purchase by US market operator BATS Global Markets in November.
Miciu’s departure – which a press release said was through mutual consent – makes him the last of the former Chi-X Europe executives to leave the MTF following its acquisition.
"I am immensely proud of what we achieved at Chi-X Europe," said Miciu. "We brought new technology to the market and revolutionised the speed, efficiency and cost of European equities trading. I am now ready to pursue fresh challenges."
"Florian made significant contributions to the technology strategy that helped Chi-X Europe establish a strong track record with the European investor community," added Mark Hemsley, CEO of BATS Chi-X Europe. "We thank him for his contributions and wish him all the best in his future endeavours."
Since the integration of BATS Europe and Chi-X Europe was completed in April, the combined BATS Chi-X Europe has experienced a slight decline in market share, from 21.6% in May, to 19.5% last month.
BATS declined to comment further on Miciu's departure.