As Chi-X Europe continues to grow its market share and offer lower trading costs to the region’s institutional investors, one of the founders of the alternative trading venue is striving to bring similar benefits to the retail community.

Peter Randall, who left Chi-X Europe in March 2009 after two years as its chief executive, now heads rival trading facility Equiduct, which aims to match institutional flow with aggregated retail orders placed with small and medium-sized brokers.