Morgan Stanley joins FXSpotStream® as a Liquidity Provider

FXSPOTSTREAM® ANNOUNCES THAT MORGAN STANLEY HAS JOINED AS A LIQUIDITY PROVIDER OF FXSPOTSTREAM®’S PRICE AGGREGATION SERVICE, EXPANDING FXSPOTSTREAM®’S LIQUIDITY PROVIDERS TO SEVEN GLOBAL FX BANKS

JERSEY CITY, N.J. – FXSpotStream® LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Morgan Stanley has joined as a new liquidity providing bank to FXSpotStream®’s clients. Morgan Stanley adds to the liquidity available from FXSpotStream®’s existing liquidity providers, which include BofA Merrill Lynch, Citi, Commerzbank AG, Goldman Sachs, HSBC and J.P. Morgan.

FXSpotStream® provides a multibank FX aggregation service to clients for the purpose of executing Spot FX trades. Banks connected to FXSpotStream® serve as liquidity providers to clients. FXSpotStream® functions as a market utility, providing the infrastructure that facilitates the multibank API and associated routing mechanism to route trades from clients to liquidity providers. Clients access a single API from co-location sites in New York, London and Tokyo and have the potential to communicate with all liquidity providing banks connected to the FXSpotStream® solution. FXSpotStream® does not charge brokerage fees to clients or liquidity banks.

The majority of LiquidityMatch shareholders are also liquidity providing banks of FXSpotStream®.

Alan F. Schwarz, CEO, stated: “The addition of Morgan Stanley as a liquidity provider is further testament to the compelling value proposition offered by FXSpotStream® to its clients and liquidity providing banks. We are extremely gratified with the development of our service offering to date, which is now live and supporting trading globally. We welcome Morgan Stanley as one of 7 leading liquidity providing banks to FXSpotStream® and look forward to expanding the service in the future with the addition of more liquidity providing banks and enhancement of our current product offering.”

Harry Moumdjian, Executive Director, Morgan Stanley added “We are excited about joining FXSpotStream® as a liquidity provider. We look forward to being part of a service that offers the FX market price aggregation from some of the leading FX market participants and brings efficiencies to the bilateral trading relationship with our clients.”

“The addition of Morgan Stanley brings another valued liquidity provider to FXSpotStream®,” said Rick Schonberg, Managing Director, Goldman Sachs. “Now that FXSpotStream® is live globally, the FX banks connected to the FXSpotStream® service are able to deal directly with clients in a more efficient and transparent manner. We look forward to helping grow the FXSpotStream® service.”

More Posts from FXSpotStream®

J-Money Announce FXSpotStream as Best FX Platform For Fifth Consecutive Year

October 7, 2021

FXSpotStream has been voted Best Margin FX ECN/Multi bank platform in the J-Money Survey for the 5th consecutive year. J-Money is a leading industry magazine for financial professionals in Japan. Founded in 1986, J-Money has published articles and editorial articles covering market trends such as foreign exchange, bonds and stocks, as well as developments in…

New Microsecond Low-Latency Architecture Announced

October 6, 2021

October 6, 2021 – JERSEY CITY, NJ – FXSpotStream (FSS) announces the deployment of a new low-latency architecture. The new architecture, which will be deployed globally, will deliver substantial improvements to the Service’s market data processing times. The project is already underway in the New York site and will involve a full overhaul of the…

The Full FX Unfiltered with FXSpotStream

September 28, 2021

Colin Lambert talks with Alan Schwarz, CEO, and Tom San Pietro, CTO, of FXSpotStream about the platform’s recent addition of algos. The three discuss the thinking behind the launch; the challenges of delivering multiple algos, from multiple providers, via an API; and the opportunity set for FXSpotStream and its clients on the buy and sell…

e-Forex Interview: A remarkable growth story

July 26, 2021

Read the Cover Interview with FXSpotStream’s Co-founder & CEO, Alan F. Schwarz who talks about the company’s recent announcement to support FX Algos and Allocations. Click here to read the full interview here.

FXSpotStream Goes Live With Algos And Allocations Functionality Over Its API

June 23, 2021

  June 23, 2021 – JERSEY CITY, NJ – FXSpotStream (FSS) has added functionality to support FX Algos and Allocations over its API and expects to have its first clients live in early Q3. FSS clients will have access to over 70 different Algos and 200+ parameters offered by the FSS Liquidity Providers (LPs). FX…

FXSpotStream Passes USD50Trillion

May 10, 2021

FXSpotStream has crossed the USD50 Trillion mark in volume supported over the Service since going live. Volumes over FSS have grown every year since FSS first launched, and in 2020 FXSpotStream registered as the fastest growing eFX service for the third consecutive year. Not only is this is a great milestone, but it also demonstrates…

FXSpotStream Voted ‘Best FX Trading Platform’ at Markets Choice Awards

May 5, 2021

FXSpotStream is proud to announce it was honored as the ‘Best FX Trading Platform’ in the 2021 Markets Choice Awards from Markets Media. It was the combination of FXSpotStream’s ‘no cost to taker’ model, combined with a strong focus on client service, that saw FXSpotStream emerge victorious. In 2020, FXSpotStream registered as the fastest growing…

FXSpotStream post second-highest ADV on record

April 8, 2021

In March 2021, FXSpotStream posted an ADV of USD54.674billion, an increase of 10.24% MoM vs February. March’s second highest ADV on record comes on the heels of the second highest ADV previously recorded last month, and trails only March 2020 when the FX market saw extreme volatility due to the Covid-19 outbreak. March ’21 also…

FX Algo News: FXSpotStream to start supporting FX algo strategies and allocations

March 15, 2021

FXSpotStream Co-founder & CEO, Alan F. Schwarz spoke with FX Algo News to discuss how clients will benefit from the upcoming functionality additions. Click here to read the full article. FX_Algo_News_Feb_2021

Interview with Gerald Segal, FX News Group

March 5, 2021

CEO, Alan F. Schwarz caught up with Gerald Segal of FX News Group to discuss the recent announcement of functionality being added to support Algos and Allocations over the API. FNG Exclusive Interview… In January FNG carried news that FX streaming aggregation service provider FXSpotStream was adding functionality to support FX Algos and Allocations over its API. While that might sound technical to…

Ready to expand your FX trading to multiple banks with a single API or GUI?

Click the button and get started.