FNG Exclusive… Continuing its recent hiring spree, FNG has learned that R5FX’s longtime Head of Technology Amar Vadher has left the company to join FX streaming aggregation service provider FXSpotStream. At FXSpotStream Mr. Vadher will continue to be based in London, as Infrastructure and Connectivity Manager.

Amar Vadher had been with emerging markets focused FX liquidity provider R5FX since 2015. Prior to R5FX he worked in various IT and technology roles at FXecosystem, Subex, and Idesk.

FXSpotStream has, as noted above, been expanding its talent pool lately especially internationally as it continues to go global. The Jersey City, NJ based firm has also recently added Barclays AVP Pratik Mangarolia as Relationship Manager, and Ripsy Arora as VP Relationship Manager. We had also reported that FXSpotStream recently hired FXall and Traiana alum Merg Limani as Regional Support Manager, Americas. That followed the addition of Caryn Kim as Business Development Manager.

FXSpotStream provides a multibank FX and Precious Metals streaming Service supporting trading in FX Spot, Forwards, Swaps, NDF/NDS and Precious Metals Spot and Swaps. Banks connected to FXSpotStream’s streaming aggregation venue serve as Liquidity Providers to clients. FXSpotStream’s streaming aggregation service functions as a market utility, providing the infrastructure to facilitate multibank trades from clients to Liquidity Providers. Clients access a GUI or single API from co-location sites in New York, London and Tokyo and have the potential to communicate with all Liquidity Providing banks connected to FXSpotStream. FXSpotStream’s streaming aggregation venue does not charge brokerage fees to clients or banks.

FXSpotStream’s liquidity providers include BofA Merrill Lynch, Barclays, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, MUFG Bank, Societe Generale, Standard Chartered, State Street and UBS. FXSpotStream’s average daily trading volumes for 2020 of USD $42.65 billion were up 19% as compared to 2019’s ADV of USD $35.98 billion.