Peter Randall, the former chief executive officer of Equiduct Systems Ltd., is in the early stages of examining a private-equity-financed bid for NYSE Euronext’s European equity exchanges, according to a person familiar with the plans.
Randall would need confirmation from NYSE that the Euronext business is for sale, according to the person, who declined to be identified as the information isn’t public. The New York-based exchange agreed to be bought by IntercontinentalExchange Inc. last year and has said it will hold an initial public offering for Euronext, which controls bourses in Paris, Amsterdam, Lisbon and Brussels.
Any approach for Euronext from private-equity companies would probably face scrutiny by regulators and national governments, the person said. In 2012, the European Commission blocked Deutsche Boerse AG’s bid for NYSE Euronext, citing concerns about competition in derivatives and clearing.
James Dunseath, a spokesman for NYSE Euronext in London, declined to comment. Financial News reported Randall’s plans earlier today.
Randall, who left Equiduct in February, brought alternative-trading systems to Europe in 2007 as CEO of Chi-X Europe Ltd. He turned Chi-X into the region’s largest so-called multilateral trading facility, encouraging others such as Turquoise and Bats Europe to enter the market.