Peter Randall, chief executive officer of Equiduct Systems Ltd., plans to leave the London- based alternative trading system after three years as shareholders weigh closing the firm, two people with knowledge of the situation said.
Knight Capital Group Inc. faced growing pressure to find a savior as clients from Citigroup Inc. to Vanguard Group Inc. curtailed business with the firm following a software bug that triggered a $440 million loss.
As time was running out, Knight Capital Group Inc. Chairman and Chief Executive Officer Thomas Joyce had three choices left -- accept a $500 million bailout from his biggest competitor, take an offer from a group of clients and others that would dilute owners, or go bankrupt.
Thomas Joyce, the Knight Capital Group Inc. chief executive officer whose tenure was shaken by the firm’s $457.6 million trading loss in August, told directors he has discussed taking a job elsewhere, the Wall Street Journal said, citing people close to the negotiations.
E*Trade Financial Corp.’s next chief executive officer could find the brokerage’s 51 percent discount to net assets isn’t enough to attract a buyer any time soon, as mortgages from the housing bubble impede a potential sale.