Chi-X Europe Appoints Mark Howarth Interim CEO.LONDON -- Chi-X([R]) Europe Limited, operator of the largest pan-European equity multilateral trading facility (MTF (1) (Modulation Transfer Function) A measurement of monitor sharpness. MTF compares the contrast ratio between alternating black and green lines that are one pixel thick. ), today named Mark Howarth Interim Chief Executive Officer, subject to standard regulatory approvals. "Through its technology, market model and incredibly lean cost basis, Chi-X Europe has been able to not only survive amid great competition, but also thrive," said Howarth. "I look forward to working with our team to continue to provide participants with the level of service and innovation that they have come to expect from Chi-X Europe." Mr. Howarth for the past year has served as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for Asia-Pacific at Chi-X Global, Inc. Prior to joining Chi-X Global, Mr. Howarth served as Chief Executive Officer for Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings in Asia-Pacific, and before that spent time in senior institutional equities positions in Europe, Japan, and Hong Kong at Merrill Lynch, UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System and Instinet. Mr. Howarth replaces Peter Randall, who recently left the firm to spend more time with his family. Mr. Randall will continue to serve in an advisory capacity. "For over three years, Peter has worked tirelessly to launch, grow and evangelise e`van´gel`ise v. t. & i. 1. Same as evangelize. Verb 1. evangelise - preach the gospel (to) evangelize preach, prophesy - deliver a sermon; "The minister is not preaching this Sunday" 2. about Chi-X Europe. We thank him for his many contributions and wish him all the best in the future," said Tony Mackay, Chairman of Chi-X Europe Limited. About Chi-X([R]) Europe Chi-X Europe Limited is an FSA-authorised securities firm operating as a multilateral trading facility (MTF) for the trading of a wide range of European equities. Chi-X Europe's low-cost, streamlined operating model is designed to help participants achieve ultra-low execution, clearing and settlement costs, and benchmark tests have shown Chi-X Europe to be significantly faster than Europe's traditional equity exchanges. Chi-X Europe disseminates real-time market data to clients directly and via third-party market data vendors at no cost, and off-exchange trade reporting Trade reporting Dealer: In a trade between two registered Market Participants (MP), only the sell side reports the trade. Auction: In a trade between two member firms, only the sell side reports the trade. is available for a low monthly fee. For more information, please visit www.chi-x.com. [c]2009 Chi-X Europe Limited. All rights reserved. CHI-X is a registered trademark in the UK and Europe. Approved for distribution in Europe by Chi-X Europe Limited, which is authorised and regulated by the Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. . |
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