Ex-trader to lead Chi-X
John Fildes - who oversaw the entry into the local market of global high-speed trading firm Getco - has been appointed new chief executive of Chi-X Australia, the only competitor to the Australian Securities Exchange. Mr Fildes will replace Peter Fowler from May 1.
"I would like to welcome John to the team during this exciting time for the firm," the head of Chi-X Global, Tal Cohen, said.
"I would also like to thank Peter Fowler for his contributions to Chi-X Australia over the last six years and his unwavering belief in the benefits of competition," he said.
Mr Fowler has been chief executive of Chi-X since it began operating in Australia in October 2011.
He said in November he would be stepping down from the role. Mr Fildes has held senior capital markets roles at Morgan Stanley, MSCI and Instinet, and has worked in or with the Australian market for two decades.
Since February 2010, the volume of equity market turnover attributed to high-speed traders has grown from about 4 per cent to nearly 30 per cent.
Frequently Asked Questions about this Article…
John Fildes is a former high-frequency trader who oversaw the Australian entry of global high-speed trading firm Getco. He has held senior capital markets roles at Morgan Stanley, MSCI and Instinet and has worked in or with the Australian market for about two decades. He was appointed as the new chief executive of Chi-X Australia to replace Peter Fowler.
According to the article, John Fildes will replace Peter Fowler as chief executive of Chi-X Australia from May 1.
Chi-X Australia is described in the article as the only rival to Australia's main stock exchange — the Australian Securities Exchange (ASX). It operates as an alternative market trading venue in the Australian equities market.
Peter Fowler was the chief executive of Chi-X Australia since it began operating in October 2011. He announced in November that he would step down from the role and will be replaced by John Fildes.
The article notes Fildes has senior capital markets experience at Morgan Stanley, MSCI and Instinet, and has been involved with the Australian market for roughly two decades, including work with high-speed trading firms.
John Fildes previously oversaw Getco's entry into the Australian market. Getco is described as a global high-speed trading firm, linking Fildes to the high-frequency/high-speed trading sector.
The article reports that since February 2010 the volume of equity market turnover attributed to high-speed traders has grown from about 4% to nearly 30%.
Tal Cohen, head of Chi-X Global, welcomed John Fildes to the team and thanked Peter Fowler for his contributions to Chi-X Australia over the last six years, noting Fowler's unwavering belief in the benefits of competition.
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