Chi-X Australia Pty appointed John Fildes as chief executive officer to lead the company, which is the only rival venue to ASX Ltd. (ASX) for equities trading in the nation.
Fildes, who previously ran strategic development for Getco LLC in Singapore, will join Chi-X this month and will replace current CEO Peter Fowler, who will step down May 1, according to an emailed statement. Fildes oversaw the entry of Getco and Instinet Inc. into the Australian market in former roles.
“John Fildes has worked in or with the Australian market for two decades and is a well-regarded member of the Australian trading community,” Tal Cohen, chief executive officer of Chi-X Global, said in the statement. “He has held senior positions with various market participants and made significant contributions to industry bodies through his interaction with regulators and government.”
Chi-X Australia and ASX compete as the only two public venues of stock trading in the nation. Chi-X, backed by Nomura Holdings Inc., has gained more than 10 percent of market share since starting operations in November 2011.
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