LMAX Group Hires Paul Ainsworth as Americas Institutional Sales Head

LMAX Group announced on Thursday that it has appointed Paul Ainsworth as the Head of Institutional Sales for Americas, which is a newly created position in the company. He will be based in New York.

He brings years of knowledge and experience in institutional sales to the company. In his new role, he will be responsible to drive the growth of the institutional business across all the businesses of the group.

Ainsworth commented: “I am delighted to be joining LMAX Group at an exciting time as the company continues to grow at a rapid pace across all business lines. I look forward to playing a key role in driving the US institutional business forward and increasing our market share in the region.”

An FX Institutional Sales Expert

He is joining LMAX from New Jersey-based Spotex, where he was the Managing Director of the FX ECN-based technology provider’s global institutional sales. Before that, he was with Euronext FX, again as the Global Head of Sales.

Moreover, he spent years at UBS and Barclays as an Executive Director and Director, respectively. In both companies, his role revolved around eFX sales.

“Paul is a capital markets veteran and brings with him an extensive track record of success throughout his career,” said Patrick Bartle, Managing Director for Americas at LMAX Group, to whom Ainsworth will be reporting.

“Paul’s appointment will propel us on towards our next phase of growth with the vision to become the pre-eminent global Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term for FX and cryptocurrency trading.”

LMAX Group is one of the leading independent operators of institutional Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term venues for FX and cryptocurrency trading. LMAX Digital, the cryptocurrency unit, reported $400 billion in trading volume until last May, with an average daily trading volume of $2.5 billion.