The chief executive of Chi-X Europe Ltd. leaves the company. The departure comes just two months after a fund-raising deal diluted the stake of the group’s main shareholder.
Peter Randall, who has run Chi-X since its launch in March 2007, is leaving the company for personal reasons. The date of his departure has yet to be determined, but a succession plan is in place, according to people familiar with the matter.
Since joining the company from Instinet, Randall has built Chi-X into the large equities firm in Europe.
Last week, Chi-X performed 9.1% of trades in the 10 European markets, including 15% of trades in FTSE 100 stocks, according to Fidessa.
In London, Europe’s main equity center, Chi-X Europe is now trading nearly 15% of U.K. equities, a performance that has contributed to the London Stock Exchange’s market share falling below 75% for the first time.