The acquisition is still pending regulatory approval and it is expected that O’Keefe will leave after a transition period following the transaction close.
Chi-X Europe CEO Alasdair Haynes said Kevin’s contribution to making Chi-X Europe a success can’t be underestimated. He was involved with the project from the outset and has played a crucial role in shaping the ownership structure of the company and steering Chi-X Europe into the position of being the first MTF to date to break into profitability.
O’Keefe said being part of the team that created, grew and ultimately sold Chi-X Europe has been an incredibly fulfilling experience. The European stock exchanges landscape has changed beyond all recognition in the last six or so years and he is very proud to have been part of that change.
In February, BATS entered a definitive agreement to purchase Chi-X Europe, under which Chi-X Europe and BATS Europe will combine to form BATS Chi-X Europe.
The transaction is expected to close in the second quarter, pending regulatory approvals.
