New firm ALGO Technologies has opened up shop to deliver trading technology with a particular focus on algorithmic trading, execution and market data services.

Hirander Misra a founder and former COO Chi-X Europe, is the newly appointed chief executive and a founding director of ALGO Technologies, which has offices in London and New York. Howard Morgan, president of Arca Group, has been appointed as non executive chairman. 

ALGO Technologies aims to provide near-zero latency market data, trading and matching solutions and is developing an extensive dark fibre network to provide high speed market data and connectivity across all major international market centres, in multiple data centre locations.