Misra quits Algo Technologies

Misra quits Algo Technologies

Hirander Misra, has quit with immediate effect as chief executive officer of Algo Technologies, the fintech vendor he helped set up only a year ago.

Misra joined the Algo Technologies last March a month after quitting as COO of Chi-X Europe shortly after the appointment of Alasdair Haynes as chief executive.

The company has been targeting the lucrative algorithmic trading market, offering market data and trading and matching technology.

However, in a brief statement, Misra says he's leaving immediately to "pursue other opportunities" but will "remain a Board Director and shareholder in the firm and continue to support its mission".

He has no permanent position lined up but has "been approached to provide some consulting advisory time to a couple of firms in the electronic trading space around MiFID II, market structure changes and product development".

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