Foreign exchange (FX) trading platform developer TraderTools has opted to promote company mainstay Moti Sapir to the newly created role of Director of Liquidity Management. The elevation comes during a period of growth for TraderTools, which has seen its liquidity network garner greater traction in the industry.

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In his new role Mr. Sapir will be tasked with overseeing all TraderTools bank and non-bank liquidity provider relationships. Moreover, Mr. Sapir will help support and foster the flow of critical information between counter-parties on the TraderTools platform. Over the past year, TraderTools has expanded its liquidity network to include a wide range of new capabilities, including an emphasis on emerging markets, liquidity provision, and ruble pricing, among other developments.

Mr. Sapir is a longtime employee of TraderTools, originally joining back in 2005. During his tenure, he has served in a multitude of different roles, including most recently as its Global Head of Customer Support – previously he worked as its Support and Implementation Manager. Additional stops include other project management roles outside the financial services industry, dating back to 1999.

In light of the promotion, TraderTools has already named a successor to Sapir’s previous role, with Orad Vinograd slated to take over the responsibilities of Global Head of Customer Support. Despite this elevation, Mr. Vinograd will continue to maintain his role as Head of Customer Onboarding. Both Mr. Sapir and Mr. Vinograd will be reporting to Mark Mayerfeld, TraderTools’ Executive VP Sales.

TraderTools CEO, Andrew Levine, commented on the hire: “Moti’s new responsibilities are a direct result of continued growth by participants in our Unique Liquidity Network. Coupled with relationship pricing through a single point of access, we are excited for Moti to leverage his deep FX experience to develop new LP opportunities and enable our Liquidity Providers to more effectively price and capture business they want to win.”