- Adam Eades and John Woodman Join Board
LONDON, July 26, 2012 /PRNewswire/ -- BATS Chi-X Europe, the largest pan-European equities market operator by market share and notional value, today announced that Adam Eades and John Woodman have joined its board of directors(1) as executive director and independent non-executive director, respectively.
With the additions, the BATS Chi-X Europe board now stands at seven members, including Mark Hemsley, who remains executive chairman and chief executive officer. BATS Chi-X Europe is part of BATS Global Markets.
Mr. Eades serves as head of regulatory and legal affairs for BATS Chi-X Europe. He assumes the executive board position held by Chief Operating Officer Paul O'Donnell who will depart the company in August, as previously announced. Mr. Eades joined BATS Chi-X Europe in November 2011. Most recently, he was general counsel for Henderson Global Investors and spent 14 years at LIFFE (now NYSE Liffe) and NYSE Euronext where he held senior executive positions in European and global legal affairs.
Mr. Woodman most recently served a four year tenure as non-executive director and subsequently chairman of the board of Chi-X Europe Ltd., which was acquired in November 2011 by BATS Global Markets, and is currently a member of the FSA Regulatory Decisions Committee. Mr. Woodman was one of the founders of Efficient Frontiers, a consulting firm specializing in capital markets, and has previously held executive roles at UBS and Knight Securities.
"We are pleased that Mr. Eades and Mr. Woodman have joined our board of directors, with both bringing a wide range of experience in markets regulation and corporate governance," said Mr. Hemsley.
"Adam ably guided us through the legal and compliance transition following the Chi-X Europe acquisition and has been an invaluable addition to the team. John, in addition to a distinguished career, is a respected industry leader bringing significant board experience to guiding the management of a pan-European trading platform, as we evaluate new business opportunities and navigate a changing regulatory landscape," he said.
BATS Chi-X Europe reported 24.5% overall European market share in June 2012. The company completed a seamless migration of the Chi-X Europe platform to the BATS technology on 30th April.
(1) Board of directors refers to both the board of BATS Trading Ltd and the board of Chi-X Europe Ltd. BATS Trading Ltd and Chi-X Europe Ltd operate under the brand name BATS Chi-X Europe.
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 FSA-authorized 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.batsglobalmarkets.com.
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SOURCE BATS Global Markets