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THE e-FOREX INTERVIEW<br />
A new chapter has opened for FXSpotStream as the company employs a different business<br />
model that will enable it to generate revenue to reinvest in its market leading service.<br />
e-<strong>Forex</strong> spoke to Tom San Pietro, the firms new interim CEO to learn more about his plans<br />
and discuss what lies ahead for the business as it embarks on the next stage of its journey.<br />
Hi Tom, and welcome to e-<strong>Forex</strong>.<br />
Please can you give readers an<br />
overview of your background and<br />
career to date?<br />
Thanks for having me. I’ve been<br />
with FXSpotStream, as CTO for the<br />
past six years. I had a strong hand<br />
in the development of our FX algo<br />
project, as well as the building and<br />
implementation of our new low<br />
latency network. Prior to FSS I was<br />
head of FX Trading Venues for Thomson<br />
Reuters.<br />
My professional journey gives me a<br />
great balance of experience within<br />
the industry, along with an intimate<br />
understanding of the company – its<br />
strengths and weaknesses – putting<br />
me in a great position to help us grow.<br />
This is a tremendous opportunity and I<br />
am grateful for the confidence shown<br />
by the board and the staff and look<br />
forward to repaying them.<br />
Despite some noise in the media, it has always been business as usual for us here at FXSpotStream<br />
we will accept we have not. My first what we came out with was a better,<br />
action as interim CEO was really to more inclusive solution that benefits<br />
press the pause button on everything everyone.<br />
that was going on and speak to our<br />
clients and LPs. I wanted to get their 2022 was a record year for<br />
thoughts on the situation and find out FXSpotStream. Does that put any<br />
what was important to them before added pressure on the company to<br />
making any decisions.<br />
perform in 20<strong>23</strong>?<br />
There have been a lot of changes<br />
within the company so far this<br />
year, on both the technology and<br />
business fronts. While some of those<br />
changes we have done a good job of<br />
communicating, there are others that<br />
I was then able to, with the help of our<br />
global team and board of directors,<br />
to put together a plan that took<br />
those needs into consideration. We<br />
approached the situation with honesty<br />
and understanding, and I think that<br />
2022 was a tremendous year for<br />
FXSpotStream. Our ADV was up<br />
over 30% year on year and we, yet<br />
again, grew at the fastest rate of<br />
any FX service, of those reporting<br />
their volumes. We saw growth in all<br />
2022 was a tremendous year for FXSpotStream<br />
MAY 20<strong>23</strong> e-FOREX 37
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