Chi-X® Global Technology, LLC (“Chi-Tech™”), the technology services unit of Chi-X Global, Inc., today announced the addition of Ulf Axman as Head of European Business Development. Mr. Axman will be based in the firm’s London office.
Mr. Axman’s career includes extensive experience in the exchange trading, clearing and surveillance technology industry. Prior to joining Chi-Tech, Mr. Axman served in senior sales and business development roles in Europe and Asia at NYSE Technologies, OMX Technology and Computershare.
“Market centers throughout Europe and the Middle East are today looking to build out their trading infrastructures in order to accommodate the global trading community’s vastly increased demand. I’m very excited to leverage my experience in the exchange space as we work to satisfy this demand with our proven technology offering,” said Mr. Axman.
“Ulf brings a great deal of experience in selling large-scale trading technologies and is well-known and respected by many exchange operators. We’re excited to have him join our team and head our business development efforts in this important region,” added Hubert Holmes, Executive Vice President at Chi-Tech.
Chi-Tech was formed in November 2008 through Chi-X Global, Inc.’s acquisition of substantially all the business and assets of Cicada Corp., a leading developer of real-time market data dissemination platforms for exchanges, as well as algo trading infrastructure and other solutions for financial markets participants.