October 6, 2015 – JERSEY CITY, N.J. – FXSpotStream® LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Bank of Tokyo-Mitsubishi UFJ (BTMU) has joined as a new liquidity providing bank to FXSpotStream®’s clients. BTMU adds to the liquidity available from FXSpotStream®’s existing liquidity providers, which include BofA Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered and UBS.
Alan F. Schwarz, CEO, stated: “With the addition of BTMU, the 3rd new Liquidity Provider this year, we have now doubled the original number of Liquidity Providers added to FXSpotStream® since inception. The doubling of the number of liquidity providers in just over 3 years after the service went live confirms that market participants need a new, more efficient, less expensive way to transact with clients bilaterally. In fact, 2015 is turning into a record year with our business rapidly expanding in all regions with overall volumes up 8.5% in September over August and 46% year to date through September versus the same period last year. Client acquisition also remains strong across all regions with client growth up 50% in September year on year. The addition of BTMU, the largest bank in Japan (by market value), will accelerate our growth in client numbers and trading volume in Tokyo, the Asia-Pacific region and globally as BTMU provides a diverse addition to the liquidity pool we can offer clients. We expect to take BTMU live in late Q4.”
Hirochika Iwadare General Manger of Global Markets Trading Division said: “BTMU is pleased to be joining FXSpotStream® as a Liquidity Provider. We look forward to offering our clients an additional venue to transact with Bank of Tokyo-Mitsubishi UFJ.”
About FXSpotStream®
FXSpotStream® provides a multibank FX aggregation service to clients to execute FX Spot, Forwards and Swaps and Spot Precious Metals trades. Banks connected to FXSpotStream® serve as Liquidity Providers to clients. FXSpotStream® functions as a market utility, providing the infrastructure to facilitate multibank trades from clients to Liquidity Providers. Clients access a GUI 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®. FXSpotStream® does not charge brokerage fees to clients or banks.
About Bank of Tokyo-Mitsubishi UFJ
The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) is one of Mitsubishi UFJ Financial Group (MUFG) five primary operating companies and Japan’s largest bank by market value.
Mitsubishi UFJ Financial Group (MUFG) is one of the world’s largest and most diversified financial groups with total assets of JPY258.1 trillion as of March 2014. MUFG’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and many more fields of financial services.
Contact:
Alan F. Schwarz, CEO
tel: +1 201 217 8075
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…
