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®
Our Summer Internships have opened the door for many students to gain valuable firsthand experience in to FX and the financial market. We are delighted to announce that we will once again be offering Summer Internship opportunities in each of our offices (New Jersey, London and Tokyo). The ten week placements allow students, currently enrolled…
With offices in New York, London and Tokyo, FXSpotStream operates global sales, onboarding and support teams. With offices in many countries, FXSpotStream CEO, Alan Schwarz, believes that having one global culture is key to having a successful team that provides a seamless experience for its banks and clients who use the service. To foster the…
FXSpotStream CEO, Alan Schwarz was featured in this month’s issue of FXAlgoNews. The publication covers all advances in the FX Algo world, and is a great source for news and dsicussion topics. See the links below for our interview, as well as Alan’s input on the Industry Views article.
FXSpotStream has been voted Best Margin FX ECN/Multi bank platform in the J-Money Survey for the 6th 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…
FXSpotStream registered a NEW RECORD ADV HIGH in September surpassing the ADV record set in March of this year. September’s ADV of USD73.351billion is a 20.45% increase MoM over August’s ADV of USD60.898billion and completes what has been the highest volume quarter in the company’s history. In Q3 2022, FXSpotStream supported USD4.359trillion, with a Q3…
Reporting from TradeTech FX Europe: The TRADE speaks with FXSpotStream’s CEO, Alan F. Schwarz, about the importance of meeting client’s needs, volatility experienced this year, as well as what the future holds for the firm. Alan Schwarz, CEO of FXSpotStream from TRADE TV on Vimeo.
Following the addition of all the LP FX Algos to our GUI, our CEO, Alan F. Schwarz, and CTO, Tom San Pietro, sat down with Colin Lambert of The Full FX to discuss the growth in supported Algo volume on the API and GUI and what’s ahead. In August we registered an ADV high in…
Eleven years after work began to create FXSpotStream, we reflect on some of the incredible milestones we have achieved along the way.
July overtook June as our second highest ADV ever, at USD64.037bn, an increase of 0.31% MoM. June had previously set a record for the second highest ADV, following a 9.32% increase over May 2022. July’s ADV represents a 33.66% growth in terms of ADV YoY for FXSpotStream, the largest YoY volume percentage increase of any…
FXSpotStream registered its second highest ADV ever in June ’22 surpassing the previous second highest ADV record set in February ’22. June also registered the 2nd highest total volume in any month. In addition, June’s ADV of USD63.837billion is a 9.32% increase over May’s ADV of USD58.392billion and marks a sixth consecutive month supporting well…
