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®
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…
