LiquidityMatch LLC, the parent company of FXSpotStream LLC, has announced that the company has appointed John Ashworth as Independent Chair of its Board of Directors.

John currently serves as CEO of Caplin Systems, a software firm that provides trading systems to the financial industry and has a background of over 30 years in technology. Starting his career at IBM, John has gone on to leadership and board roles with 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 leadership with a strong background in independent governance and technology, and John brings both of these to the table.”

Current Board Chair, Mark Meredith added,

“The growth of FXSpotStream has been exceptional, and the firm is quickly closing in on having supported 100 trillion in client 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 adding John’s expertise in the role of Independent Chair would only enhance this momentum.”

John Ashworth added,

“I am thrilled to be joining LiquidityMatch LLC as Independent Chair and am looking forward to working closely with the Board of Directors as well as with Jeff and his leadership team to help continue the exceptional success of FXSpotStream.”

About FXSpotStream

FXSpotStream is a bank owned consortium founded in 2011 and provides fully disclosed, multibank, relationship-based trading services for FX and precious metals instruments. The service supports ESP and RFS trading protocols along with access to liquidity provider algo suites. Banks connected to FXSpotStream serve as Liquidity Providers to clients.

Clients can access a GUI or single API from co-location sites in New York, London and Tokyo and have the ability to communicate with all Liquidity Providing banks connected to FXSpotStream. FXSpotStream has revolutionized the FX trading landscape by eliminating the cost of execution for price takers and giving price makers the ability to pay a flat fee to provide pricing to their clients. They are the only venue on the market today with this unique commercial model.