FX ECN Spotex Poaches Veteran Paul Ainsworth from Euronext

FX electronic communications network (ECN), Spotex has added industry veteran Paul Ainsworth to serve as Managing Director for Global Institutional Sales.

Ainsworth will be focused on further developing the global sales of Spotex’s rapidly growing prime of prime brokerage, as well as technology sales and client acquisition.

Spotex is a US-based ECN focused on FX and precious metals trading for both the buy and sell-side participants. Spotex offers exchange technologies that build and apply quantitative metrics to participants based on their trading behavior. Their client base includes banks, brokers, hedge funds, CTAs and asset managers who leverage an array of electronic solutions that assist clients with complex liquidity sourcing and trade executions.

Paul Ainsworth served most recently at pan-European exchange, Euronext as Head of Sales of its FX institutional platform, having originally joined the Fastmatch ECN in 2015.

Ainsworth joined FastMatch in 2016 from UBS Investment Bank, having served as its Executive Director since 2011 in New York where he specialized in eCommerce FX sales. Additionally, he worked at Barclays Capital as its Director, dating back to 2007.

Spotex has had its sights on growing its business in the aftermath of recent industry changes, and the company has already opted to diversify its product range and clientele.

Speaking about his new role, Paul Ainsworth said: “I am excited to join Spotex because it is bringing exciting innovations to the institutional FX market and has tremendous growth potential. I look forward to working with a team that has deep experience in bringing technology and liquidity solutions to market.”

“We are thrilled to have Paul join Spotex at this pivotal moment in our evolution. Paul’s deep client relationships and market knowledge will enable us to develop new solutions with a wider set of institutional market participants,” added Spotex CEO, John Miesner.

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