Ashworth will be based in Caplin's London office and will take responsibility for global sales and marketing. He brings to the role 30 years' experience in the technology industry having worked with IBM, FENICS, GFI, Apama, FXall and most recently Thomson Reuters.

"This is a unique opportunity and a great time to be joining Caplin," says Ashworth.

"Advanced trading GUIs of the kind designed on Caplin's platform are among the most appealing applications built in HTML5. I am excited to be part of an organisation that really understands trading workflows and one that is perfectly positioned to help large and small banks make their e-channels even more efficient."

Ashworth joins at a pivotal time for the company, which in December announced the launch of Caplin Direct, a hosted, managed service designed for banks that want a custom FX single-dealer platform. "The evolving global regulatory landscape has diverted management attention and budget away from e-channels for some time, but banks know they must prioritise their customers, either to improve service or avoid disintermediation," says Ashworth. "With Caplin Direct the company has a unique and compelling web offering to meet this demand."

Ashworth will maintain Caplin's close relationships with its tier one banking clients, and also look to build on Caplin's successful track record in developing e-distribution facilities for tier two and super regional banks such as Nomura, Standard Bank and UniCredit.

"We are very excited about what John will bring to Caplin," says CEO, Paul Caplin. "He's an entrepreneurial and exceptionally talented leader with a great track record and a deep understanding of our market. The past couple of years have seen an unprecedented surge in single-dealer platform activity, and with John's help we can continue to scale our operations to meet the demand for outstanding e-distribution facilities across all asset classes and client segments."