FPL is dedicated to ensuring that the benefits of the FIX Protocol and electronic trading are effectively communicated to all market participants to encourage greater adoption and usage throughout the trade lifecycle. Mr. Mangles and Mr. Adams will be the lead points of contact to the execution centers across the globe by establishing relationships and educating them on the latest versions and / or any new technologies released by the FPL organisation. Additionally, they will work towards building an understanding of the benefits of FIX across the regulatory community on an international basis and they will be responsible for educating regulatory bodies on the usage of FIX as a tool to help achieve greater market efficiency.

After conducting a public search that yielded several highly qualified candidates, a selection committee comprised of leaders from the FPL Global Steering Committee, chose these two extremely qualified individuals based on their unique understanding of the electronic trading markets and their significant levels of industry experience.

Mr. Adams has worked within the financial technology sector for more than 20 years. Most recently as Head of European Operations at Portware, he was responsible for setting up the firm's London office and developing senior industry relationships to establish the business in Europe. Prior to this, Mr. Adams undertook a number of different assignments including the position of Managing Director of AKJ, a technology solutions provider for the hedge fund and asset management community, SEO of Brut ECN Europe and Institutional Sales Director for Instinet Global Services. Commenting on his recent appointment Mr. Adams stated "At a time where cost savings and achieving technical efficiencies matter more than ever, I look forward to ensuring the benefits and latest developments offered by the FIX Protocol are clearly understood by the industry to make sure that firms are kept at the forefront of technoloogical innovation."

Mr. Mangles also has a long history within the financial technology sector and has held a close relationship with FPL for a number of years. Mr. Mangles is the Founder and Publisher of FIXGlobal, the official FPL publication, and he has supported the organisation's Asia Pacific committee for the past 7 years, playing a key role in promoting FIX adoption across the region. He has also worked for leading financial publishing and marketing firms in both London and Hong Kong. Commenting on his appointment, Mr. Mangles stated "Having worked closely with the community of FIX adopters in Asia for many years, I am very excited about this new role. This position will allow me to develop stronger relationships with not only the buy-side, sell-side and vendor community, but increasingly the region's regulators and trading venues to ensure that FIX adoption is seen as fundamental to increasing efficiencies across their respective markets."

John Fildes, Co-chair of the FPL Global Steering Committee and Managing Director of Instinet Pacific added "On behalf of the FPL organisation, I would like to welcome both Stuart and Edward to these new positions. I believe these individuals hold the skills, knowledge and experience required to significantly increase awareness and adoption of the FIX Protocol globally within coming years, an advancement which will be of huge benefit to all users."