A consortium including Hirander Misra, a founder and former chief operating officer of trading platform Chi-X Europe, has acquired the technology arm of the embattled junior stock exchange Plus Markets, according to a statement by the exchange today.

Forum Trading Solutions, which is owned by shareholders including Misra, Plus Markets' chief technology officer Tony Harrop, as well as eight employees of Plus's technology team, has agreed terms to buy Plus TS for up to £280,000.