FXSPOTSTREAM® TAKES MORGAN STANLEY LIVE IN NEW YORK AND LONDON AS THE 7th LIQUIDITY PROVIDER OF FXSPOTSTREAM®’S PRICE AGGREGATION SERVICE
JERSEY CITY, N.J. – FXSpotStream® LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Morgan Stanley is now live as a liquidity provider of FXSpotStream®’s price aggregation service from FXSpotStream®’s sites in New York and London. Morgan Stanley is now the 7th bank available to clients connected to FXSpotStream®’s service. In addition to Morgan Stanley, FXSpotStream®’s liquidity providers include BofA Merrill Lynch, Citi, Commerzbank AG, Goldman Sachs, HSBC and J.P. Morgan all of which are live globally.
FXSpotStream® provides a multibank FX aggregation service to clients for the purpose of executing Spot FX trades. The offering functions as a market utility, supplying the infrastructure that facilitates the multibank API and associated routing mechanism to route trades from clients to liquidity providing banks. Clients access a single API from co-location sites in New York, London and Tokyo and have the potential to communicate with all banks connected to the FXSpotStream® solution. FXSpotStream® does not charge brokerage fees to clients or banks.
The majority of LiquidityMatch shareholders are also liquidity providing banks of FXSpotStream®. Alan F. Schwarz, CEO, stated: “We continue to execute on our business plan and meeting our strategic time lines. Morgan Stanley is live from our sites in New York and London just over two months after we signed Morgan Stanley as a liquidity provider on FXSpotStream®. We have been supporting bank to client production trading globally since July of last year with our initial set of banks and are pleased to add Morgan Stanley to the list of liquidity providers available to our clients. We expect to have Morgan Stanley live from our site in Tokyo in Q1 of this year. We also expect to be adding liquidity providers to the service in the coming year.”
Harry Moumdjian, Executive Director at Morgan Stanley in New York, added: “FXSpotStream® is delivering on our expectations and we look forward to utilizing the service to trade with clients. The economies of scale gained by using FXSpotStream® will benefit our clients and Morgan Stanley.”
“FXSpotStream®’s timely and seamless on boarding of Morgan Stanley is another example of the execution we have seen from FXSpotStream® since our involvement with the service,” said Paul Scott, Global Head of eFX Trading at Commerzbank AG. “In addition to providing a service that allows Commerzbank AG to deal directly with clients in a more efficient and transparent manner, the reliability of the service and the experience for us and our clients is important. FXSpotStream® continues to meet our requirements and we expect the volume transacted via FXSpotStream® and the clients using the service to continue to grow in the coming year.”
More Posts from FXSpotStream®
FXSpotStream Co-founder & CEO, Alan F. Schwarz spoke with FX Algo News to discuss how clients will benefit from the upcoming functionality additions. Click here to read the full article. FX_Algo_News_Feb_2021
CEO, Alan F. Schwarz caught up with Gerald Segal of FX News Group to discuss the recent announcement of functionality being added to support Algos and Allocations over the API. FNG Exclusive Interview… In January FNG carried news that FX streaming aggregation service provider FXSpotStream was adding functionality to support FX Algos and Allocations over its API. While that might sound technical to…
FXSpotStream have further enhanced their sales team with the addition of Matthew Fic as SVP – Americas Head of Sales and the promotion of Antony Brocksom and Rhys Bryan internally. Matt is an FX industry veteran, with almost 17 years of experience in various roles; most recently as Head of Electronic FX Sales Americas at…
Read the Cover Interview with FXSpotStream’s Co-founder & CEO, Alan F. Schwarz who talks about the company’s recent announcement to support FX Algos and Allcoations. Click here to read the full article.
January 28, 2021 – JERSEY CITY, NJ – FXSpotStream (FSS) announces the upcoming addition of functionality to support FX Algos and Allocations over its API. FSS clients will have access to over 70 different Algos and 200+ parameters offered by the FSS Liquidity Providers (LPs). FX Allocations will allow clients on a pre- and/or post-trade…
2020 saw FXSpotStream cross the USD11 Trillion mark in terms of volume supported over the Service for the first time in the company’s 9 year history. With an 18.52% increase in overall volume, FSS registered as the fastest growing eFX Service for the third consecutive year. Thank you to our loyal clients, LPs and Vendor…
FXSpotStream today celebrates 9 years of service in the FX Industry after opening its doors in 2011. CEO Alan Schwarz took a moment to express his gratitude to those associated with FXSpotStream in the letter below. A Letter From The CEO Dear Valued Clients, LPs and Vendor Partners, Nine years ago, with the support of…
FXSpotStream is delighted to announce the appointment of Ripsy Arora. Ripsy joins the team as VP, Relationship Manager. Ripsy began her career working in Fixed Income on the Straight Through Processing team at Tradeweb, before moving on to a role in Delivery Management with Fidessa. There, she was client facing for the hosted platform covering…
FXSpotStream is delighted to announce the appointment of Merg Limani. Merg joins the team as Regional Support Manager, Americas. With over 20 years’ experience in the FX industry, Merg has a wealth of knowledge and is a valuable addition the team. Most recently Merg held roles with Standard Chartered Bank and Traiana prior to that.…
FXSpotStream is delighted to announce the appointment of Caryn Kim. Caryn joins the team as Business Development Manager. Caryn began her career with Lord Abbett before working at several global banks, including J.P. Morgan, Barclays, HSBC and Deutsche Bank. Most recently Caryn led the Onboarding team with XP Investments covering FX, Equity Derivatives and Futures…