Caplin Systems CEO John Ashworth appointed Independent Chair of LiquidityMatch LLC

LiquidityMatch LLC, the parent company of bank-owned market utility for SpotFX, NDFs and Swaps liquidity, FXSpotStream LLC has announced the appointment of John Ashworth as Independent Chair of its Board of Directors. This strategic move aims to strengthen the company's governance and drive its continued growth in the rapidly evolving foreign exchange market.

John Ashworth brings over three decades of experience in the technology industry, with a strong focus on financial services. Currently serving as the CEO of Caplin Systems, a market-leading software firm that develops advanced trading systems for the financial sector, Ashworth has held leadership and board positions at several prominent FX-focused businesses, including FENICS, GFI, Apama, FXAll, and Caplin. His extensive expertise in both technology and independent governance makes him an invaluable addition to LiquidityMatch LLC's Board of Directors.

Jeff Ward, CEO, FXSpotStream

Commenting on the appointment, FXSpotStream CEO Jeff Ward stated, "As we continue to mature and expand as a business, there is a need to add senior leadership with a strong background in independent governance and technology, and John brings both of these to the table."

Mark Meredith, the current Board Chair, added, "The growth of FXSpotStream has been exceptional, and the firm is quickly closing in on having supported 100 trillion in client volumes since the Company’s inception. As the business, led by Jeff and his leadership team, continues to focus on growth and strategic direction, the Board felt adding John’s expertise in the role of Independent Chair would only enhance this momentum."

John Ashworth expressed his enthusiasm for the new role, stating, "I am thrilled to be joining LiquidityMatch LLC as Independent Chair and am looking forward to working closely with the Board of Directors as well as with Jeff and his leadership team to help continue the exceptional success of FXSpotStream."

In April 2024, FXSpotStream reported a new record oin Average Daily Volume over its netwrok, with total ADV in all products increasing by 11.26% compared to the previous month of March, and by 66.13% year-over-year. Spot ADV was a 13.69% increase on Marchand a 48.97% increase year-over-year. 

In 2022, the company made over 70 different Algos and 200+ Algo parameters available via a normalised API and GUI. FXSpotStream added NatWest in October 2023 and Wells Fargo in March 2024 as Liquidity Providers, bringing the total number of bank LPs accessible through a single API to 16.