FXSpotStream LLC, the aggregator service of LiquidityMatch LLC, has appointed Amar Vadher as an infrastructure and connectivity manager. He will be based in the company’s London offices and will provide support to FXSpotStream’s global businesses.
Mr. Vadher brings nearly two decades of technical experience to FXSpotStream, having served most recently as Head of Technology at R5FX in the UK. R5 provides an electronic marketplace for emerging market foreign exchange (EMFX) and electronic non-deliverable forwards (NDFs).
The bulk of his financial career was spent at tech provider, FXecosystem. He served as Global Head of technology at the UK-based business, which is focused on outsourced connectivity services for the FX and bond markets, for over 6 years.
FXSpotStream provides a multibank FX aggregation service for spot FX trading. The platform operates as a bank-owned consortium that provides the infrastructure to facilitate the route of trades from clients to liquidity providers.
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FXSpotStream’s offering is a client-to-bank platform, with each liquidity taker required to create individual credit relationships with participating banks. This differs from other multi-dealer platforms, such as FX ECNs like Hotspot and EBS Markets that operate with centralized order book systems for their participants.
Earlier in December, the company bolstered its team globally with the addition of Hajime Merg Limani as the Regional Support Manager for Americas.
Also in August, FXSpotStream hired Hajime Tezuka to its sales force in Tokyo. Further, the company has revealed exclusively to Finance Magnates that it has onboarded Rhys Bryan to its sales team in London.
On the flip side, FXSpotStream lost the services of Henry Durrant who served for more than a year at the forex streaming aggregation and matching service as Assistant Vice President.