JERSEY CITY, NEW JERSEY, January 6, 2021 - Spotex today announced
the hiring of Paul Ainsworth as a managing director for global
institutional sales. The hiring comes as the company is rolling
out new, institutional liquidity streams, partnerships, and
innovations to its FX ECN.
"I am excited to join Spotex
because it is bringing exciting innovations to the institutional
FX market and has tremendous growth potential," said
Ainsworth. "I look forward to working with a team that has
deep experience in bringing technology and liquidity solutions
In 2020, Spotex introduced dark
streaming functionality and full-amount streams, which
incorporate the firm's proprietary performance-based matching
logic. In addition to several new business partnerships, it has
a pipeline of additional innovations to deploy in 2021.
"We are thrilled to have Paul
join Spotex at this pivotal moment in our evolution," said
Spotex CEO John Miesner. "Paul's deep client
relationships and market knowledge will enable us to develop new
solutions with a wider set of institutional market
Prior to joining Spotex, Ainsworth
served for more than 15 years in key roles at a foreign exchange
ECN as well as two leading FX banks. He most recently was Global
Head of Sales at Euronext FX, having originally joined the
Fastmatch ECN in 2015. Before that, he worked in institutional
FX sales at UBS and Barclays Capital.
Spotex enables institutions to
trade in a low latency ECN central limit order book (CLOB) or
their own disclosed DMA liquidity pools with preferred liquidity
providers. Leading FX bank and non-bank liquidity providers are
connected to Spotex.
Liquidity on the Spotex ECN is
differentiated by natural customer order flows from global FX
brokers, which use Spotex's proprietary retail broker
Clients also benefit from
Spotex's multiple Prime Broker clearing model, which enables
access to liquidity from multiple prime brokers without
incurring additional fees and Spotex's proprietary ECN
matching logic, which rewards high performing liquidity
providers as well as micro-second execution speeds, and true
24/5 operation, without end-of-day shutdowns.