Spotex Onboards Kevin Gillespie to Lead FX Sales in the Eurozone

Foreign exchange trading technology systems provider and ECN operator Spotex has onboard Kevin Gillespie to its team. He will be leading the company’s expansion into the EU from London after spending almost two years at Cobalt.

His official title is Director of Institutional Sales and will be reporting to the Executive Managing Director and Global Head of Sales and Distribution, John Miesner. Throughout his career, Gillespie held several senior sales and business development roles Hotspot FX, IFX Markets and several investment banks after he started his career as an FX proprietary trader at Toronto Dominion Bank.

In his new role, Kevin Gillespie will be heading institutional and broker clients as well as banks, based primarily in Europe. He will be responsible for sales of both the firm’s FX Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and technology solutions.

“Kevin’s breadth of experience in foreign exchange liquidity and technology are a great fit with Spotex as we roll out new services and technology solutions for brokers and institutions,” commenting Miesner on the company’s new hire.

Spotex is providing foreign exchange technology and liquidity solutions across global foreign exchange markets. The company operates its own Spotex ECN, supported by leading FX bank Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on Read this Term and FX prime brokers.

The firm is headquartered in Jersey City, New Jersey, while the company’s development team is based in Nagpur, India.

The new hire continues to boost the company's effort to increase its market share in the institutional side of the foreign exchange trading industry. Back in January, the firm onboarded John Miesner as Head of Sales.

Spotex launched its ECN back in 2014, differentiating itself at the time with an offering that allowed clients to choose among different sets of liquidity pools.