Mark Foulger parts ways with Tokkyo FX to launch Ellipse Trading

Mark Foulger has left his position as Head of Sales at London-based market maker Tokkyo FX. The two-decade FX veteran, mostly spent his career in the City, is quitting after more than two years in this role to build up a new FX and crypto brokerage firm, Ellipse Trading.

Mark Foulger

Starting out as a buy-side prop trading desk, Tokkyo-FX had onboarded Foulger in 2019 to leverage his industry experience, which dates back to 2003, and deep relationships to strengthen its global sales capabilities as the firm was looking to expand its reach and continue to build market share.

Through its liquidity network around the world and data centers in three continents, Tokkyo FX provides a liquidity pool and pricing in 40 currency pairs.

Foulger has over 19 years’ experience in the financial services industry. Earlier in his career, he worked at Integral Development Corporation, having served as its Vice President of Sales – EMEA, dating back to mid-2013.

Furthermore, he had worked in a number of sales roles in the financial services and foreign exchange (FX) industry, including London Capital Group (LCG), GFT UK, and CMC Markets, among others. He has cut his teeth in a number of other senior positions where he was focused on developing and expanding the FX sales capabilities in the UK and beyond.


Mark joined Tokkyo FX from TradAir where he worked for over four years as its Director of Sales – Europe, Middle East and Africa (EMEA), according to information available on his LinkedIn profile.

During his time at TradAir, Foulger was also based out of London and was tasked with fortifying and procuring sales from the firm’s globally diversified clientele.

TradAir, which is owned by financial data and software provider ION Group, offers its customers ‎access to FX liquidity sourced from major bank and non-bank liquidity ‎providers, delivered via TradAir’s HTML5 eFX platform. The technology developer positioned itself as a partner for many brokerages as the company deploys its servers in several locations, including London, New York, Singapore, and Tel Aviv.‎ Back in 2020, the privately owned company raised $11 million in a Series D funding round, led by GF Investments and the family office of Harvey Golub, the former CEO of American Express.