May 11, 2016 – JERSEY CITY, N.J. – FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that it will start publishing monthly supported volumes on its website at www.fxspotstream.com/volumes. With liquidity from 12 leading global banks – BofA Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered and UBS – the service continues to see robust supported volumes and client growth.
Alan F. Schwarz, CEO, stated: “As our business approaches its 4 ½ year anniversary we believe it’s a good time for us to share our volumes with the market. In April, across the whole service, we supported USD18 billion (single count), a 41% Average Daily Volume (ADV) increase when compared to April 2015 and a 2% ADV increase over March 2016. In February we supported a record ADV of USD21 billion. In addition, client growth for our streaming aggregation business in April year on year increased 20%. We are extremely pleased with how fast the business has grown and we share our success with the many clients, banks and technology partners that have supported us over the years. As the only bank owned FX venue in the industry, our streaming aggregation business model is unique and is leading the industry in offering a transparent, no fee service for price takers and no transaction fee for price makers.
FXSpotStream continues to go from strength-to-strength and is filling a clear need in the market. We started the streaming aggregation business in 2011 with just a spot FX API and 6 Liquidity Providers. In the last 4 plus years we have significantly expanded the streaming aggregation offering and now support trading in spot FX and spot precious metals, FX forwards and swaps and multiple order types, and we have doubled the number of Liquidity Providers to 12. We also launched a new HTML5 GUI last summer and opened a London office. In July we will be opening an office in Tokyo to further support our growing Asia business and will expand our sales and support staff in the region. Today we have clients in all of the major financial centers, and to support our expansion we recently upgraded and doubled the capacity of our infrastructure in each of our co-location sites in New York, London and Tokyo.”
FXSpotStream provides a multibank FX streaming aggregation and a matching service supporting trading in FX Spot, Forwards and Swaps and Spot Precious Metals. Banks connected to FXSpotStream’s streaming aggregations venue serve as Liquidity Providers to clients. FXSpotStream’s streaming aggregation service 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’s streaming aggregation venue does not charge brokerage fees to clients or banks.
Alan F. Schwarz, CEO
tel: +1 201 217 8075