LMAX Group Hires Paul Ainsworth as Americas Institutional Sales Head

He will be responsible for driving the entire group’s institutional business.

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.

Paul Ainsworth

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.

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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 for FX and cryptocurrency trading.”

LMAX Group is one of the leading independent operators of institutional execution 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.

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