10:29 AM
Misra Named CEO of Algo Technologies
Hirander Misra, former COO of Chi-X Europe, has joined Algo Technologies, which is launching to deliver trading technology solutions focused on algorithmic trading, execution market data services.
Misra will serve as CEO and a founder director of Algo Technologies, which has offices in London and New York. The company will provide low-latency market data, trading and matching solutions and is developing a dark fiber network to provide high-speed market data and connectivity across major international market centers.
Additional founding directors include Rami Habib and Alexei Lebedev.
In a company statement, Howard Morgan, non-executive Chairman of Algo Technologies, said, “We see enormous potential for our breakthrough technologies in international markets, and we are very pleased to announce the formation of Algo Technologies and we are particularly pleased that this will be led by Hirander Misra as CEO.”
Misra added, “We believe that there is increasing demand for ultra low latency trading software and services. Most vendor solutions do not adequately meet this need and are far too expensive. Algo Technologies will roll out products that create a sea change in speed and automation for the trading community. We will shortly be announcing differentiated low cost solutions for significantly faster market data, direct market access, smart order routing and cutting edge execution technology.”