OpenFX has moved to deepen its institutional operations by appointing Alex Rowles as its new Head of Trading and Risk, adding a seasoned markets specialist just as cross-border payments and stablecoin flows draw more regulatory and operational scrutiny.

OpenFX Scales Its Multi-Region Trading Platform

"What the team at OpenFX is building feels very similar—just applied to a much harder problem: cross-border payments and global FX liquidity. Proprietary market-making, real-time inventory management, and smart routing across stablecoins, FX desks, dark pools, and derivatives… all under one roof," Rowles commented on LinkedIn.

"It’s rare to see this level of infrastructure inside a payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term company. In just 18 months, the team has already built a proprietary liquidity engine powering 11 currencies, with a roadmap to scale to 150."

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Rowles joins OpenFX after a seven-year spell at LMAX, where he held senior roles at the trading venue and 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 provider. He initially served as Head of Trading before moving into a Commercial Director position for the final two years of his tenure. Rowles’ experience also includes previous roles as Societe Generale, including a stint as FX Trader.

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Other Appointments at OpenFX

Besides Alex Rowles, OpenFX also appointed Sourav Karmakar as the INR Product Lead. Karmakar previously served as Associate Vice President for Growth Product and Revenue.

The other appointment saw the onboarding to Ethan Mackie to Product Operations. He previously served as Manager of the Office of the CPO at global payments firm Thredd, based in the US.

OpenFX positions itself as a payment’s provider serving PSPs and remittance payment companies, with a focus on cross-border flows and integration with stablecoin infrastructure. The firm also offers on-ramp and off-ramp solutions for stablecoins, connecting fiat and digital assets for institutional and corporate clients.