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Author: Sitanta Ni Mathghamhna
Source: Buy-Side Technology | 18 Apr 2011
Categories: People | Exchanges
Topics: Chi-X EuropeBATS Europe
Chi-X Europe, the pan-European equities exchange, has announced its chief financial officer, Kevin O'Keefe, will depart the company following its acquisition by BATS Global Markets.
The acquisition is still pending regulatory approval and it is expected that O' Keefe will leave after a transition period following the transaction close.
Alasdair Haynes, CEO of Chi-X Europe says that O' Keefe's contribution to making Chi-X Europe a success can't be underestimated.
Haynes highlighted that O' Keefe was involved with the project from the outset and had played a crucial role in shaping the ownership structure of the company and steering Chi-X Europe into the position of being the first MTF to date to break into profitability.
In February, BATS entered into a definitive agreement to purchase Chi-X Europe, under which Chi-X Europe and BATS Europe will combine to form BATS Chi-X Europe. The transaction is expected to close in the second quarter, pending regulatory approvals.
Last week Bats Global Markets named Mark Hemsley CEO of Bats Chi-X.
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