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, BNP Paribas, Citi Commerzbank, Credit Suisse, Goldman Sachs, HSBC, J.P.Morgan, Morgan Stanley, MUFG, Standard Chartered, State Street, Societe Generale and UBS.
FXSpotStream Interim CEO, Tom San Pietro commented: “In Q1 of 2023 FSS rolled out new liquidity provider pricing plans that allow liquidity providers to choose a plan that best fits their business and commercial needs. Our objective was to improve our value proposition to our clients by delivering more of their relationship liquidity needs.
We are delighted to announce that NatWest has taken advantage of the new pricing plans and is the 16th liquidity provider available to clients. On the back of a record-breaking volume year for FXSpotStream in 2022, it is tremendously exciting to be expanding the liquidity offering for the first time since 2020.”
Olivier Werenne, Head of eFX Sales EMEA and APAC at NatWest, said: “FXSpotStream’s global footprint and shared infrastructure allow us to deliver better pricing and liquidity to our clients, providing them with one point of access to liquidity without incurring the costs of maintaining multiple APIs. We are delighted to join FSS.”
FXSpotStream is a bank owned consortium founded in 2011 and provides fully disclosed, multibank, relationship-based trading services for FX and precious metals instruments. The service supports ESP and RFS trading protocols along with access to liquidity provider algo suites. 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 landscape by eliminating the cost of execution for price takers and giving price makers the ability to pay a flat fee to provide pricing to their clients. They are the only venue on the market today with this unique commercial model.