Sapir heads up liquidity management at TraderTools

Moti Sapir, global head of customer support at TraderTools, has been promoted to director of liquidity management, overseeing all of the platform’s bank and non-bank liquidity provider relationships, and facilitating the flow of information between counterparties. 

“Moti’s new responsibilities are a direct result of continued growth by participants in our Unique Liquidity Network,” said Andrew Levine, chief executive of TraderTools. “Coupled with relationship pricing through a single point of access, we are excited for Moti to leverage his deep FX experience to develop new [liquidity provider] opportunities, and enable our liquidity providers to more effectively price and capture business they want to win.”

In October, TraderTools appointed Levine as chief executive and a member of its board of directors, joining co-founder Yaacov Heidingsfeld in leading the company.

Sapir has worked at TraderTools since 2005, most recently as global head of customer support. Orad Vinograd will now assume that role. He joined the firm in 2012, and will also remain as head of customer onboarding. Both Sapir and Vinograd will report to Mark Mayerfeld, executive vice-president of sales.

TraderTools launched the Unique Liquidity Network in June 2016, with the aim of providing a single liquidity pool in emerging market and local market currencies, from both bank and non-bank market-makers with fully disclosed and relationship-based pricing.

TraderTools said the network’s cost of rejection analytics and time decay, coupled with other sophisticated data analytics, would result in a win-win situation for liquidity providers and executing customers, calling it a natural progression for the firm.