Former Chi-X chief Randall moves to Equiduct

Former Chi-X chief Randall moves to Equiduct

Peter Randall is to take over as chief executive officer of electronic exchange venue Equiduct, just eight months after stepping down as chief of rival Chi-X Europe for "personal family reasons".

An industry veteran with more than 20 years experience, Randall was widely credited with leading the fledgling Chi-X Europe platform to a commanding position in the post-MiFID marketplace against powerful incumbent national exchanges.

News of his departure from the CEO seat at Chi-X Europe in February coincided with a shift in the ownership structure to accommodate new stakeholders alongside Nomura-owned Instinet. Chi-X insiders were at pains to point out that Randall was stepping down for "personal, family reasons" and would continue to act in a consultative capacity.

Earlier this month, Chi-X Europe confirmed the appointment of Alasdair Haynes as CEO, taking over from interim chief Mark Howarth.

Randall will face a stern test at Citadel Securities and Börse Berlin-owned Equiduct, which has struggled to find a niche among competing MTFs in the crowded exchange-trading space in Europe. More recently, the company has moved to target the retail market and provide a high capacity, low-latency electronic order book service for wholesale providers.

Says Randall: "I joined Equiduct because it offers a unique blend of service and technology, with a focus on the retail market. I strongly believe that by developing partnership opportunities with leading market participants and liquidity providers, Equiduct will be able to offer first class execution services within a profitable business model."

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