Spotex, a developer of foreign exchange technology systems and institutional ECN operator, has promoted John Miesner to CEO less than a year after he joined the firm.
Miesner joined Spotex as Senior Managing Director and Global Head of Sales and Distribution.
“I am grateful to the Spotex board and executive team for the confidence they have shown naming me CEO,” says Miesner. “We’ve done a lot of exciting things together already and I look forward to working with the team and our clients to bring more innovation to the market in the months and years to come.”
Miesner will lead the firm’s institutional expansion. Spotex has expanded its global sales network, adding liquidity providers, prime brokers and prime of prime brokers. The firm also launched new technology products including disclosed liquidity pools for institutions, dedicated liquidity hubs for brokers, and Periscope, a multi-level credit and margin manager that enables prime of primes and FX brokers to onboard multiple levels of smaller brokers.
“John is a known quantity in the FX industry, and he’s brought a great new perspective to Spotex,” says Rob Fleschler, CEO, Seabury Global Markets, a Spotex board member. “We couldn’t be happier having him lead the company forward at this time of great opportunity for the business.”
As part of the executive suite transition, Ritesh Agrawal, the firm’s co-founder and long-term CEO, has taken the title of CTO.
