FXSPOTSTREAM® TAKES MORGAN STANLEY LIVE IN NEW YORK AND LONDON AS THE 7th LIQUIDITY PROVIDER OF FXSPOTSTREAM®’S PRICE AGGREGATION SERVICE
JERSEY CITY, N.J. – FXSpotStream® LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Morgan Stanley is now live as a liquidity provider of FXSpotStream®’s price aggregation service from FXSpotStream®’s sites in New York and London. Morgan Stanley is now the 7th bank available to clients connected to FXSpotStream®’s service. In addition to Morgan Stanley, FXSpotStream®’s liquidity providers include BofA Merrill Lynch, Citi, Commerzbank AG, Goldman Sachs, HSBC and J.P. Morgan all of which are live globally.
FXSpotStream® provides a multibank FX aggregation service to clients for the purpose of executing Spot FX trades. The offering functions as a market utility, supplying the infrastructure that facilitates the multibank API and associated routing mechanism to route trades from clients to liquidity providing banks. Clients access a single API from co-location sites in New York, London and Tokyo and have the potential to communicate with all banks connected to the FXSpotStream® solution. FXSpotStream® does not charge brokerage fees to clients or banks.
The majority of LiquidityMatch shareholders are also liquidity providing banks of FXSpotStream®. Alan F. Schwarz, CEO, stated: “We continue to execute on our business plan and meeting our strategic time lines. Morgan Stanley is live from our sites in New York and London just over two months after we signed Morgan Stanley as a liquidity provider on FXSpotStream®. We have been supporting bank to client production trading globally since July of last year with our initial set of banks and are pleased to add Morgan Stanley to the list of liquidity providers available to our clients. We expect to have Morgan Stanley live from our site in Tokyo in Q1 of this year. We also expect to be adding liquidity providers to the service in the coming year.”
Harry Moumdjian, Executive Director at Morgan Stanley in New York, added: “FXSpotStream® is delivering on our expectations and we look forward to utilizing the service to trade with clients. The economies of scale gained by using FXSpotStream® will benefit our clients and Morgan Stanley.”
“FXSpotStream®’s timely and seamless on boarding of Morgan Stanley is another example of the execution we have seen from FXSpotStream® since our involvement with the service,” said Paul Scott, Global Head of eFX Trading at Commerzbank AG. “In addition to providing a service that allows Commerzbank AG to deal directly with clients in a more efficient and transparent manner, the reliability of the service and the experience for us and our clients is important. FXSpotStream® continues to meet our requirements and we expect the volume transacted via FXSpotStream® and the clients using the service to continue to grow in the coming year.”
More Posts from FXSpotStream®
FXSpotStream is shortlisted in the Financial News Trading & Tech Awards 2020 – for Best Foreign Exchange Trading Platform.
FXSpotStream Monthly Volume Crosses the Trillion Dollar Milestone. FXSpotStream reported $1,372 billion in March volumes, which was 43% higher MoM from $956 billion in February 2020. It was another record month after the previous record month, and each one seemed to get bigger than the last. FXSpotStream LLC, the aggregator service of LiquidityMatch LLC, today…
Colin Lambert, Managing Editor, Profit & Loss Magazine, comments on anonymous vs. disclosed models: “[I]n the absence of other data, FXSS becomes the bellweather for the disclosed, relationship model and last week was eye-opening in that the platform hit a new record above $86 billion, which is not only a serious number, but also suggests…
February Sets 3 New Volume Highs: Record ADV, Daily Record and Overall Record On February 28, FXSpotStream set a new daily volume record of USD86.8 billion. The new daily record represents a 47.53% increase over the prior daily volume record set in August of last year of USD58.8 billion. February also recorded a new ADV…
FXSPOTSTREAM ADDS BARCLAYS AS THE 14th LIQUIDITY PROVIDER AS FXSPOTSTREAM BUILDS ON A 21% YEAR ON YEAR VOLUME INCREASE IN 2019 TOPPING USD9.4 TRILLION February 25, 2020 – JERSEY CITY, N.J. – FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Barclays has joined the Service as a liquidity providing bank to…
FXSpotStream is shortlisted in the TradingTech Insight Awards – Europe 2020 for Best Trading Solution for Foreign Exchange (FX) Markets
FXSpotStream continues to grow at the fastest rate of all eFX services in 2019 with a 22.55% ADV increase over 2018! 2019 ADV at USD36.530 billion Monthly ADV record in August of USD43,247 billion Intraday volume record of USD58,814 billion on August 1st Overall monthly record of USD951 billion in August
FXSpotStream CEO, Alan Schwarz talks about the market shift from anonymous to disclosed trading with e-Forex. Click here to read the full article
FXSpotStream is once again voted the winner of the 2019 “Best Margin FX ECN/Multi-bank platform” in the 28th Tokyo Foreign Exchange Market Survey by J-Money. This is the 3rd year in a row that FXSpotStream wins the award. Alan F. Schwarz, CEO, stated: “We are thrilled to once again be recognized by our Japanese clients…
During August FXSpotStream’s ADV reached USD43.247 billion, the highest ADV ever on record for the Service and the third ADV record in 2019 (prior ADV high in June was USD42.258 billion). FXSpotStream’s ADV MoM (Aug ’19 vs Jul ’19) increased 19.23%. August’s ADV record of USD43.247 billion represents a YoY (Aug ’19 vs Aug ’18) increase of 52.46%. In…
