The Financial Commission (FinaCom), the independent external dispute resolution (EDR) body for the forex industry, has appointed Sam Low, the Founder and Chief Executive Officer of LiquidityFinder, as the latest member of its Dispute Resolution Committee. The organization said Low is the 34th industry expert to join the Committee since its founding in 2013.
“The DRC consists of a diverse panel of industry professionals, who follow a non-bias protocol to process and resolve complaints from our members’ clients,” FinaCom said in a statement.
Low founded LiquidityFinder in February 2018 and has been running the over-the-counter global marketplace that connects liquidity seekers and industry providers for over five years now. The platform serves users such as professional traders, asset managers, retail brokers and banks, among others.
Who Is Sam Low?
Low is a senior executive that boasts almost three decades of industry experience from working for top organizations such as Finalto, Bloomberg LP and First Derivatives. Before founding LiquidityFinder five years ago, he was the Business Development Manager for Europe, the Middle East and Africa (EMEA) at First Derivatives Technologies for almost four years.
In March 2013, he joined Finalto in a sales role that lasted for only two months. However, he stayed much longer at Integral Development Corporation where he spent almost 10 years serving as the Vice President of European Sales.
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Low started out his career at Bloomberg LP working with the terminal sales team in February 1997 and would spend seven years and seven months with the company. Between September 2004 and March 2006, he handled new business sales for SuperDerivatives Inc, a provider of derivatives market data, technology and valuation services.
“I am pleased to welcome Sam to our dispute resolution team. Given his extensive experience in the industry, particularly in institutional FX, and geographically in the UK, he will be a valuable asset to the Dispute Resolution Committee in helping us continue our commitment to providing thorough investigations of trade-related disputes and sound dispute resolutions,” Nikolai Isayev, FinaCom’s Chief Operating Officer, explained.
Compensation Sought by FX Traders Declines in 2022
Meanwhile, Finance Magnates recently reported that the total compensation sought by forex traders from brokerages across the world in 2022 decreased by 17% to $12.4 million last year. However, the compensation sought from brokerage members of FinaCom jumped 76% to $7.4 million.
Similarly, total compensation sought by forex traders during the fourth quarter of last year dropped by 3% quarter-over-quarter to $3.3 million. On the contrary, compensation demanded from brokers that are members of FinaCom shot up by 66% during the quarter.
