BATS Chi-X Swoops on Equiduct Founder

European multilateral trading facility BATS Chi-X Europe has hired David Howson as chief operating officer, responsible for the MTF's software engineering, infrastructure and operational teams.

He joins BATS from rival MTF Equiduct, which he co-founded in 2006 and served as chief technology officer.

Prior to Equiduct, Howson was solutions architect and principal consultant at Reuters Consulting, and principal consultant to the Nasdaq Stock Market, overseeing the implemenation of a number of trading and market data systems.

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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