MEX Exchange, the institutional electronic trading platform of MultiBank Group, has appointed Vibhanshu Bahuguna as Senior Director. The appointment underscores the company's ongoing effort to assemble a world-class leadership team as it expands its global institutional business and technology capabilities. MultiBank Group, founded in 2005, is one of the largest financial derivatives institutions worldwide, regulated across multiple jurisdictions including the UAE, the UK, Australia, and the Cayman Islands.

Bahuguna brings more than 20 years of experience spanning sales, business development, and electronic trading. His expertise covers EMS, OMS, OTC, and ECN technologies across the foreign exchange and digital asset markets, with a particular focus on the Asia-Pacific region — one of the fastest-growing areas for global FX trading volumes, according to the Bank for International Settlements' Triennial Surveys.

Throughout his career, Bahuguna has held senior leadership positions at several prominent financial institutions. He began his career at Bloomberg before joining TradingScreen, where he delivered multi-asset trading access solutions. He subsequently managed the Currenex and FX Connect franchise for State Street across Southeast Asia. In 2015, he took the helm of TradAir's Asia-Pacific business, driving the adoption of FX aggregation, pricing engine, and white-label trading technology until the company's acquisition by ION Group in 2022. Most recently, he served as Head of Sales and Business Development at Cypator ECN, where he worked alongside TradAir's original co-founder to expand the platform's institutional footprint.

David Ogg, Chief Executive Officer of MEX Exchange, said: "We are delighted to welcome Vibhanshu to the team. He brings an exceptional combination of commercial leadership, market expertise, and deep relationships across the institutional trading ecosystem. His experience in building and scaling electronic trading businesses across the Asia-Pacific region will be instrumental as we continue expanding MEX Exchange's global presence."

Commenting on his appointment, Vibhanshu Bahuguna said: "MEX Exchange represents one of the most exciting opportunities in institutional electronic trading today. The vision, technology and leadership assembled by the team provide a unique platform to redefine institutional market access, and I look forward to contributing to the next phase of the company's growth."

Bahuguna's arrival further bolsters an already distinguished leadership team. The group is led by David Ogg, widely recognised as one of the most influential pioneers in institutional foreign exchange trading. Over a career spanning more than four decades, Ogg founded HotspotFX — the industry's first institutional FX ECN — along with LavaFX and LiquiMatch, and has led groundbreaking innovations that have helped shape today's electronic trading landscape. HotspotFX, launched in 2000, was later acquired by BATS Global Markets (now part of Cboe Global Markets), reflecting the broader industry consolidation that has seen major exchange operators absorb independent FX trading venues. Under his direction, MEX Exchange is developing an institutional trading venue powered by AI-driven execution capabilities, ultra-low-latency matching technology, and institutional-grade infrastructure designed to serve global market participants.

Complementing the leadership team is Brian Andreyko, Chief Product Officer, who brings extensive experience across global markets and electronic trading. Having held senior leadership roles at Edgewater Markets, TradAir, ICAP, and Currenex, Andreyko now oversees the strategic development of MEX Exchange's ECN, Technical Services, and Execution Services businesses. His hiring reflects the leadership team's shared pedigree across the same generation of FX ECN venues that have come to define institutional e-FX trading.

Together, these appointments reflect MEX Exchange's continued investment in attracting industry-leading talent as it builds a next-generation institutional trading ecosystem. The platform aims to combine advanced technology, deep market expertise, and global connectivity to meet the evolving needs of institutional clients worldwide. As electronification continues to reshape FX markets and new venues compete with established players such as EBS, CME, and Refinitiv, the company is positioning itself at the intersection of AI-driven execution and institutional market structure.