Electronic Trading Pioneer Lupowitz Joins trueEX as CTO

NEW YORK, Nov. 20, 2017 /PRNewswire/ -- trueEX, the fastest-growing interest-rate swap execution platform, has hired Kevin Lupowitz as Chief Technology Officer. Lupowitz has held pioneering roles at several successful electronic trading firms and joins trueEX at a time of rapid platform growth, with notional trading activity up by 542% year-to-date versus 2016.

With its share of the dealer-to-client swaps market now over 30%, up from 9% in 2016, trueEX is looking to expand its execution services from interest rate swaps to encompass the broader Rates market. Lupowitz will oversee this initiative to ensure the platform continues to lead the industry in terms of technical specifications, functionality and performance.

Lupowitz was a founding employee and Chief Information Officer at Liquidnet, the global institutional trading network, where he helped the company scale over more than a decade to encompass more than 40 global markets. As CIO at trading platform FXAll, he was responsible for the technology transition and integration with Thomson Reuters. Most recently, he was CIO of biometric secured ID provider CLEAR (by Alclear, LLC) where he led the core technology transformation to its Identity-as-a-Service platform.

"Kevin's hire signals our intent to accelerate the transformation of the broader Rates markets for the good of both dealers and institutional clients," said Sunil Hirani, CEO and founder of trueEX. "With his experience at other successful industry innovators, I'm confident that Kevin will play a key role in this, supporting and building on our unprecedented 2017 growth."

"Joining trueEX is an exciting growth opportunity to work with a pioneering, rapidly growing and independent provider of trading technology," said Lupowitz, who brings a proven pedigree of running secure, high-availability, regulated trading platforms, as well as security and identity management platforms. "With its expanding dealer and client footprint, trueEX has the potential to transform the efficiency and structure of the global interest rates markets."

About trueEX
trueEX LLC operates the first exchange approved by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM) for swaps. As an exchange and registered swap execution facility (SEF), trueEX has executed over $9.7 trillion in trading volumes and $20.7 trillion in post-trade processing services since its launch. Its SEF provides request-for-quote (RFQ) trading protocols and a proprietary portfolio terminations and compactions (PTC) system for the efficient trade management of existing positions through direct connectivity to multiple clearing houses. trueEX has been recognized as one of the industry's leading and most innovative companies, winning OTC Trading Platform of the Year and SEF of the Year at the Risk Awards, as well as SEF of the Year at both the GlobalCapital and GlobalCapital Americas Awards. trueEX has also been featured on the Forbes Fintech 50 and Institutional Investor Tech 50 rankings of the most innovative fintech companies. The Company is based in New York and enables the trading of interest rate swaps by all market participants. It will add other liquid derivatives to its portfolio in the near future.


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