FXSpotStream® Adds Desktop Application to its Multibank FX Aggregation Service

FXSpotStream® Adds Desktop Application to its existing Multibank API Spot FX Price Aggregation Service

JERSEY CITY, N.J. – FXSpotStream® LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that it has launched a Desktop Application to enhance its existing Application Program Interface (API) Spot FX price aggregation Service. Clients of FXSpotStream® will be able to access on one screen prices from the existing liquidity providers, which include BofA Merrill Lynch, Citi, Commerzbank AG, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley and UBS.

Alan F. Schwarz, CEO, stated: “The launch of the Desktop Application marks the next logical step in FXSpotStream®’s business and comes one year after the successful global deployment of our multibank API price aggregation Service. Clients have been asking us to offer access via a Desktop Application to the same value proposition we currently make available on the API. The Desktop Application complements the existing API offering and will allow us to attract additional clients who will benefit from a commission and cost free Service. With the Desktop Application we significantly reduce the time it takes for a client to access in one place up to 8 liquidity providers. As with the API, the Desktop Application offers clients and banks the ability to transact in a transparent, fully disclosed bilateral basis. Additional enhancements to the Service are in process as we continue to listen to our clients and address their needs.”

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 price aggregation Service and associated routing mechanism to route trades from clients to liquidity providers. Clients access a Desktop Application or 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.

Liam Hudson, BofA Merrill Lynch’s Managing Director and Global Head of FX Ecommerce Trading, added “The aim of the Desktop Application is to replicate for manual traders the successful API price aggregation offering by allowing them to view on one screen prices from FXSpotStream®’s liquidity providers. With the addition of the Desktop Application we expect the volumes currently supported by FXSpotStream® to continue growing. FXSpotStream® continues to address our needs and those of our clients and is able to do so in a cost effective manner.”
FXSpotStream®’s Desktop Application is supported by smartTrade Technologies. David Vincent, CEO of smartTrade said: “We are pleased to be a part of FXSpotStream®’s evolution and product extension to now include a Desktop Application. The Desktop Application forms a part of the end-to-end technology solution we currently offer FXSpotStream® and which is used by some of the largest FX market participants and banks in the market. We look forward to continuing our relationship with FXSpotStream® as its service of the FX market continues to expand.”

More Posts from FXSpotStream®

2024 Starts with a Record ADV

February 6, 2024

January’s Total ADV was an ADV Record High for FXSpotStream at USD73.645billion, with Spot ADV of USD54.737billion and Other ADV of USD18.902billion. Details of our January total volumes can be found below: FXSpotStream’s Total ADV MoM (Jan’24 vs Dec’23) increased 13.64% FXSpotStream’s Total ADV YoY (Jan’24 vs Jan’23) increased 21.59% FXSpotStream’s Spot ADV MoM (Jan’24…

Wells Fargo Joins FXSpotStream as the 16th Liquidity Provider on the Service

January 16, 2024

JANUARY 15, 2024 – JERSEY CITY, NJ – FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, is dedicated to providing a diverse liquidity pool for its clients. Last year, following changes to our LP pricing model, we announced that NatWest had joined the Service. Following on from this, we are pleased to announce that…

NatWest Joins FXSpotStream as the 16th Liquidity Provider on the Service

October 31, 2023

OCTOBER 31, 2023 – JERSEY CITY, NJ – FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, is pleased to announce that NatWest has joined the Service as a liquidity providing bank. NatWest is now available and becomes the 16th bank available to clients connected to FXSpotStream’s price streaming service, joining Bank of America, Barclays,…

FXSpotStream joins the FairXchange Ecosystem

October 25, 2023

In the complex Foreign Exchange (“FX”) ecosystem, the convergence of real-time streaming and advanced analytics stands to reshape the industry. Leading the pack, FXSpotStream, the global leader in FX electronic liquidity distribution, has integrated Horizon, FairXchange’s award-winning data analytics platform, enhancing real-time analytics for more precise trading execution and analysis. FairXchange will provide its Horizon…

The Trade News: FXSpotStream on its new ultra low-latency network

October 2, 2023

The TRADE speaks to FXSpotStream’s chief executive, Tom San Pietro, at TradeTech FX Europe 2023 about the benefits its ultra low-latency network will bring to clients and LPs, as well as key themes related to aggregation and data processing.

FXSpotStream Appoints Jeff Ward as CEO

August 21, 2023

August, 21, 2023 – JERSEY CITY, NJ – The Board of LiquidityMatch LLC is pleased to announce the appointment of Jeff Ward as permanent Chief Executive Officer of LiquidityMatch and its subsidiaries, including FXSpotStream. Jeff will assume the CEO role effective January 1, 2024. Jeff will join FXSpotStream from CME Group, where he is currently…

e-Forex: What can we expect next from FXSpotStream and its new business model?

May 30, 2023

Read the Cover Interview with FXSpotStream’s Interim CEO, Tom San Pietro who talks about the company’s recent announcement to support FX Algos and Allocations. Click here to read the full e-Forex-Coverinterview here.

Jeremy Rose joins as Head of Liquidity Management

May 16, 2023

We are delighted to announce the appointment of Jeremy Rose as our new Head of Liquidity Management. Jeremy brings with him extensive experience and a proven track record in FX, making him a recognized and respected figure within the FX market. In his new role as Head of Liquidity Management, Jeremy will assume a pivotal…

The Full FX Unfiltered – with FXSpotStream

March 30, 2023

It has been a time of change at FXSpotStream. Colin Lambert of The Full FX caught up with CEO, Tom San Pietro, to discuss recent events at the platform and, more pertinently, what happens from here.  

FXSpotStream Summer Internship Opportunities

March 9, 2023

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…

Ready to expand your FX and Precious Metals to multiple banks with a single API or GUI?