17 January 2018
visit www.ebaday.com

Former Chi-X CEO Haynes plans new trading venue

01 October 2012  |  5709 views  |  0 Alasdair Haynes, CEO, Chi-X Europe

Former Chi-X Europe chief executive Alasdair Haynes is preparing to launch another alternative trading system in the region, according to Bloomberg.

The new platform, Aquis Exchange, will approach the UK's Financial Services Authority for regulatory approval before a planned launch by the middle of next year, when it will offer trading in more than 1000 European stocks.

Haynes will be joined by four former Chi-X technology employees, who will help to build the Aquis system. The venture - funded by private individuals - will also offer co-location services.

Haynes left Chi-X Europe last year after its $300 million acquisition by rival Bats Global Markets, ending a two year stint during which he oversaw its move from a subsidiary of Instinet to an independent company.

Like Chi-X, his latest venture will take advantage of the European Union's Markets in Financial Instruments Directive, which was designed to promote competition for national exchanges by allowing the creation of alternatives.

There was an initial flurry of new players but in the last two years the market has consolidated, with the Bats-Chi-X deal, and the LSE's acquisition of Turquoise.

Former Chi-X Chief Haynes to Set Up New Trading System - Bloomberg

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Spanish MTF Pave's launch put on ice

Spanish MTF Pave's launch put on ice

15 February 2012  |  5862 views  |  0 comments
Quote MTF severs ties with Swift Trade

Quote MTF severs ties with Swift Trade

17 October 2011  |  5152 views  |  0 comments
LSE offers no objection to Bats-Chi-X merger

LSE offers no objection to Bats-Chi-X merger

25 August 2011  |  6818 views  |  0 comments
Haynes to leave Chi-X Europe following Bats takeover

Haynes to leave Chi-X Europe following Bats takeover

12 April 2011  |  8792 views  |  0 comments
LSE sells nine per cent stake in Turquoise

LSE sells nine per cent stake in Turquoise

08 March 2010  |  7307 views  |  0 comments
LSE to take control of Turquoise

LSE to take control of Turquoise

21 December 2009  |  15261 views  |  1 comments
Chi-X Europe confirms Haynes as CEO

Chi-X Europe confirms Haynes as CEO

01 December 2009  |  6772 views  |  0 comments
Markit releases MiFID fragmentation analysis

Markit releases MiFID fragmentation analysis

04 December 2008  |  10304 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
11547 views comments | 15 tweets | 17 linkedin
BNP Paribas Asset Management completes fund transaction blockchain testBNP Paribas Asset Management completes fun...
10157 views comments | 14 tweets | 33 linkedin
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
9588 views comments | 32 tweets | 34 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
9454 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
9186 views comments | 17 tweets | 13 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job