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®

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…

FXSpotStream Announce Addition of Matthew Fic to Sales Team

February 25, 2021

FXSpotStream have further enhanced their sales team with the addition of Matthew Fic as SVP – Americas Head of Sales and the promotion of Antony Brocksom and Rhys Bryan internally. Matt is an FX industry veteran, with almost 17 years of experience in various roles; most recently as Head of Electronic FX Sales Americas at…

e-Forex: FXSpotStream to add support for FX Algos & Allocations

February 5, 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 Allcoations. Click here to read the full article.

FXSpotStream To Add Algos And Allocations Functionality Over Its API

January 28, 2021

January 28, 2021 – JERSEY CITY, NJ – FXSpotStream (FSS) announces the upcoming addition of functionality to support FX Algos and Allocations over its API. FSS clients will have access to over 70 different Algos and 200+ parameters offered by the FSS Liquidity Providers (LPs). FX Allocations will allow clients on a pre- and/or post-trade…

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

Click the button and get started.