LiquidityMatch LLC, the parent company of FXSpotStream LLC, announced that the company has appointed John Ashworth as Independent Chairman of its Board of Directors.
John currently serves as CEO of Caplin Systems, a software company that provides trading systems to the financial industry and has a background of over 30 years in technology. Beginning his career at IBM, John has held leadership and board roles at FX-focused businesses including FENICS, GFI, Apama, FXAll and Caplin.
FXSpotStream CEO Jeff Ward commented,
“As we continue to mature and expand as a business, there is a need to add senior executives with strong backgrounds in independent governance and technology, and John brings both to the table.”
Current board chairman Mark Meredith added,
“FXSpotStream’s growth has been exceptional and the company is fast approaching having supported 100 trillion customer volumes since the Company’s inception. As the business, led by Jeff and his leadership team, continues to focus on growth and strategic direction, the Board felt that adding John’s expertise to the role of Independent Chairman would enhance that momentum.”
John Ashworth added,
“I am excited to join LiquidityMatch LLC as an Independent Chairman and look forward to working closely with the Board of Directors as well as Jeff and his leadership team to help continue the outstanding success of FXSpotStream.”
About FXSpotStream
FXSpotStream is a bank-owned consortium established in 2011 that provides fully disclosed, multi-bank, relationship-based trading services for foreign exchange and precious metals instruments. The service supports ESP and RFS trading protocols along with access to liquidity provider algo suites. Banks connected to FXSpotStream act as Liquidity Providers to clients.
Clients can access a GUI or a standalone API from co-location locations in New York, London and Tokyo and have the ability to communicate with all liquidity providers connected to FXSpotStream. FXSpotStream has revolutionized the FX trading landscape by eliminating execution costs for price buyers and enabling price makers to pay a flat fee to provide pricing to their clients. It is the only space on the market today with this unique business model.