After working with the company for less than a year, FX electronic communications network (ECN) Spotex has promoted John Miesner to the leading role of Chief Executive Officer (CEO), the company announced this Monday.

As Finance Magnates reported at the beginning of the year, Miesner originally joined the company as its Global Head of Sales and Distribution. Miesner joined the US-based FX ECN from GTX, an institutional foreign exchange Trading Platform . During his four-year tenure, John was responsible for GTX’s global ECN sales based out of New York.

John Miesner of Spotex — John Miesner, recently appointed CEO of Spotex
Source: LinkedIn

Commenting on the promotion, Miesner said: “I am grateful to the Spotex board and executive team for the confidence they have shown naming me CEO. We’ve done a lot of exciting things together already and I look forward to working with the team and our clients to bring more innovation to the market in the months and years to come.”

Ritesh Agrawal becomes Spotex CTO

With Miesner taking on the top role, Ritesh Agrawal, who is the co-founder of Spotex and who has been the long-time serving CEO, will take on the position of Chief Technology Officer (CTO), the statement said.

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.

“John is a known quantity in the FX industry, and he’s brought a great new perspective to Spotex,” added Rob Fleschler, CEO, Seabury Global Markets, a Spotex board member. “We couldn’t be happier having him lead the company forward at this time of great opportunity for the business.”