FXSpotStream® Continues its Rapid Expansion with the Addition of State Street as the 13th Liquidity Provider

September 28, 2017 – JERSEY CITY, N.J. – FXSpotStream® LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that State Street has joined the Service as a liquidity providing bank to FXSpotStream®’s price aggregation service. State Street is the 13th bank available to clients connected to FXSpotStream®’s Service. The addition of State Street adds to the liquidity available from FXSpotStream®’s existing liquidity providers, which include BofA Merrill Lynch, BTMU, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered and UBS.

Alan F. Schwarz, CEO, stated: “We are very pleased to add State Street to the existing panel of global banks on our Service. The addition of State Street addresses demand from our clients to add their liquidity. We expect to have State Street live globally in early Q4.

Close to six years after we started the business, our rapid growth continues on all fronts. As we have increased the number of liquidity providing banks, we have dramatically increased the volume supported by the Service. On the day of the US election last year we supported a record USD49b with November 2016 also hitting an ADV record of USD22.3b. Our overall volume growth has continued this year and in August we recorded the second highest ADV in 2017 and increased the volume supported 55% on a year on year basis.

At the same time, our product offering has expanded with the addition of NDFs and NDS earlier this year and precious metals swaps this month to complement the existing product line up which includes FX spot, forwards, swaps and spot precious metals on our API and GUI. Next quarter we plan to deploy an analytics suite which will allow our banks and clients to view in real-time details about the “life cycle” of a trade and other metrics including best execution and spread analysis.”

Jeremy Armitage, Global Head of eFX, said: “We are extremely pleased to join FXSpotStream® as their latest liquidity providing bank. We have focused over the last few years on significantly improving our electronic pricing service, and the products we offer to our clients. Our eFX client base has expanded rapidly, and with that growth we are seeing increased demand for our liquidity on FXSpotStream®.

FXSpotStream® is now established as an important execution venue for our foreign exchange clients and market counterparties. Joining FXSpotStream® will help continue the expansion of our eFX franchise by leveraging FXSpotStream®’s global network from colocation sites in NY, London and Tokyo.”

About FXSpotStream® FXSpotStream® is a bank owned consortium founded in 2011 and operates as a market utility. FXSpotStream® provides multibank FX streaming, RFS and matching services supporting trading in FX Spot, Forwards, Swaps, NDF/NDS and Precious Metals Spot and Swaps. Banks connected to FXSpotStream® serve as Liquidity Providers to clients. Clients can access a GUI or single API from co-location sites in New York, London and Tokyo and have the ability to communicate with all Liquidity Providing banks connected to FXSpotStream®. FXSpotStream® has revolutionized the FX trading platform landscape by eliminating the cost of execution for price takers and allowing price makers the ability to pay a flat fee for all executed transactions. We are the only venue on the market today with this unique commercial model. Contact: Alan F. Schwarz, CEO tel: +1 201 217 8075 email: aschwarz@liquiditymatchllc.com

More Posts from FXSpotStream®

JOHN ASHWORTH APPOINTED INDEPENDENT CHAIR TO THE BOARD OF DIRECTORS

June 4, 2024

LiquidityMatch LLC, the parent company of FXSpotStream LLC, has appointed John Ashworth as Independent Chair of its Board of Directors. John currently serves as CEO of Caplin Systems, a software firm that provides trading systems to the financial industry and has a background of over 30 years in technology. Starting his career at IBM, John…

CEO, Jeff Ward On His New Role

April 11, 2024

Jeff Ward, FXSpotStream, CEO, speaks on his new role, his plans for 2024 and two record ADV months in Q1.

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…

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