FXSpotStream Appoints Caplin Systems' CEO John Ashworth as Independent Board Chair

Tuesday, 04/06/2024 | 15:29 GMT by Jared Kirui

Ashworth has over 30 years of experience in the technology sector.

Previously, he held leadership roles at FX-focused firms like FENICS, GFI, Apama, and FXAll.

FXSpotStream has appointed John Ashworth as the Independent Chair of its Board of Directors. Ashworth, currently the CEO of Caplin Systems, a trading software provider, has over 30 years of experience in the technology industry. Previously, he held leadership roles at prominent FX-focused firms like FENICS, GFI, Apama, and FXAll.

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Commenting about the appointment, FXSpotStream's CEO Jeff Ward said: "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."

Ashworth joined Caplin Systems as the Chief Operating Officer in 2014 before being promoted to the CEO. Prior to joining the firm, he was the Director and Co-Founder of Technology for Markets, where he dedicated more than 18 years.

Early this year, FXSpotStream unveiled new changes in its leadership. Jeff Ward assumed the role of Chief Executive Officer on January 1, 2024, bringing his extensive experience to steer the company. Ward took over from Tom San Pietro, FXSpotStream's Chief Technology Officer, who served as interim CEO after the departure of Co-founder Alan Schwarz last year.

FxSpotStream Top Executive Changes

Ward brings a wealth of experience to his new role, boasting three decades in the FX industry. Prior to FXSpotStream, he served as the Global Head of EBS at CME Group, having joined them through the acquisition of NEX Markets (formerly EBS). His LinkedIn profile reveals a career starting in 1993 at Citibank, followed by stints at ABN AMRO Bank and ICAP (now TP ICAP), where he held senior client service and sales leadership positions across various regions.

FXSpotStream, established in 2011 as a bank-owned consortium, focuses on the institutional FX market. Beyond spot forex services, the platform has expanded its offerings to include derivatives and, more recently, support for FX algorithms and allocations through its API. FXSpotStream posted a record average daily volume (ADV) in March. The firm’s total ADV jumped to $82.6 billion, representing a 14.2% month-on-month increase and a boost of 23.6% YoY.