LONDON and KANSAS CITY, Missouri, April 22, 2013 /PRNewswire/ -- BATS Chi-X Europe, the largest pan-European equities exchange, today announced the appointment of David Howson as chief operating officer, overseeing BATS Chi-X Europe's software engineering, infrastructure and operational teams. He will join BATS Chi-X Europe in June, reporting to CEO Mark Hemsley.
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With more than 14 years' experience in financial markets in Europe and North America, Mr. Howson has designed and deployed several innovative market data and trading systems. He joins BATS Chi-X Europe in London from his role as chief technology officer at Equiduct Systems Ltd., where he was one of the founders responsible for establishing Equiduct in 2006 as a pan-European Regulated Market with a focus on the retail market. Mr. Howson spearheaded the design and implementation of the company's technology platform and market structure and was responsible for technology strategy, market structure and post-trade services.
Mr. Hemsley commented: "We are delighted to welcome David to BATS Chi-X Europe. He brings considerable experience to our management team, and a proven track record of implementing robust trading systems and operational excellence. His background in delivering solutions to the European retail market at Equiduct underscores our commitment to strengthen our customer relationships and respond to a broad range of customer needs."
Prior to Equiduct, Mr. Howson was solutions architect and principal consultant at Reuters Consulting. His work included implementing and integrating a pan-European equities trading platform for Nasdaq Europe, as well as the architecture and implementation of the Super Montage Hybrid trading system for Nasdaq Deutschland. Later, as principal consultant to the Nasdaq Stock Market based in the U.S. he managed the redesign and deployment of several Nasdaq Market Site systems.
Mr. Howson said: "BATS Chi-X Europe's unique position as the leader in pan-European markets has made it a driving force for change in European market structure, whilst delivering innovative technology products and services that meet the needs of current and future customers. I am pleased to join this dynamic team and a global leader in market structure and exchange technology."
BATS Chi-X Europe reported overall European equities market share of 22.5% in March, making it the largest exchange in the region by market share and notional value traded.
About BATS Global Markets, Inc.
BATS Global Markets, Inc. (BATS) is a leading operator of securities markets in the U.S. and Europe. BATS develops and operates electronic markets for the trading of listed cash equity securities in the U.S. and Europe and listed equity options in the U.S. BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and BATS Chi-X Europe, which operates a FCA-authorised multilateral trading facility. BATS' innovative and proprietary technology was developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. The company is headquartered in the Kansas City, Mo. area, with additional offices in New York and London. For more information, visit www.bats.com.