FXSpotStream® and smartTrade Technologies Join Forces to Create the 4X|Box
FXSpotStream® and smartTrade Technologies join forces to create the 4X|Box – a combination of smartTrade’s LiquidityFX trading tools and FXSpotStream®’s multibank FX price aggregation Service New-York, Paris & Aix en Provence, April 30th, 2014 FXSpotStream®, a consortium owned multibank FX price aggregation service, and smartTrade Technologies, leader in cross-asset liquidity management software and solutions, today announced the launch of the 4X|Box, a joint offering that combines the best of smartTrade’s trading tools and functionality with FXSpotStream®’s no cost, bilateral, transparent FX price aggregation Service. Using the 4X|Box clients have access via a single aggregated stream to FXSpotStream®’s brokerage free, fully disclosed bilateral pricing from nine FX global liquidity providing banks, which include BofA Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Goldman Sachs, HSBC, J.P.Morgan, Morgan Stanley and UBS. Clients are able to use a vast array of trading tools, including aggregation, smart order routing, order and risk management and reporting provided by smartTrade’s LiquidityFX trading solution. Alan F. Schwarz, CEO of FXSpotStream®, stated “The 4X|Box brings to market a unique, fully integrated end-to-end technology and liquidity solution not previously available to FX market participants. It combines the best FXSpotStream® and smartTrade Technologies offer their clients today and leverages the longstanding relationship FXSpotStream® has established with smartTrade. As we continue to grow our service offering we will leverage functionality and tools our technology partners are already making available to our clients and make those tools available to all of our clients interested in transacting with the leading FX banks on a bilateral, fully disclosed no brokerage basis.” The 4X|Box provides existing streaming liquidity via a single connection and significantly reduces the cost and time to market. Hosted in New York, London and Tokyo, the 4X|Box allows clients the ability to transact via a stable, very low latency performing infrastructure with fast, stable and fault tolerant systems. 4X|Box clients have the flexibility to receive the price streams either via a single API or through a dedicated smartTrade LiquidityFX application. Monitoring is performed via one set of unique software and hardware monitoring tools. The 4X|Box is supported by a global 24/7 on-boarding, software, technical and production infrastructure support team. David Vincent, smartTrade’s Co-Founder and Chief Executive Officer, added “Such collaboration is unique in our industry and smartTrade is delighted to unite its award winning applications and services with the unmatched service of FXSpotStream®. smartTrade shares FXSpotStream®’s philosophy on transparency and no brokerage fee structure and our cloud offers highly advanced functionalities to both buy-side and sell-side clients.”
About smartTrade Technologies
Founded in 1999, smartTrade provides sophisticated Liquidity Management Systems, enabling banks to develop multi-asset dealing platforms that aggregate liquidity from dozens of sources to create a single order book, distribute customised pricing to clients, receive and manage client order flow, internalize liquidity and/or route it to external venues regardless of messaging protocols. The system handles multiple asset classes and is in production globally supporting foreign exchange, fixed income, equities, rates, and many other instrument types.
About FXSpotStream®
FXSpotStream® provides a multibank FX aggregation service to clients for the purpose of executing Spot FX and Precious Metals trades. Banks connected to FXSpotStream® serve as liquidity providers to clients. FXSpotStream® functions as a market utility, providing the infrastructure that facilitates the multibank GUI and API to route 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® solution. FXSpotStream® does not charge brokerage fees to clients or liquidity banks.
More Posts from FXSpotStream®
With the current climate and health risks involved, award ceremonies have changed beyond recognition. The work involved in winning such an award, however, has seen no change. FXSpotStream CEO, Alan Schwarz, stood proudly alongside the Hudson River holding the two awards won by the company in the 2020 TradingTech Insight Awards USA. FXSpotStream was victorious…
FXSPOTSTREAM ADDS SOCIETE GENERALE AS THE 15th LIQUIDITY PROVIDER AS FXSPOTSTREAM HITS NEW VOLUME HIGHS IN Q1 May 21, 2020 – JERSEY CITY, N.J. – FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Societe Generale has joined as a liquidity providing bank to FXSpotStream’s price streaming Service. Societe Generale is the…
FXSpotStream Podcast with e-Forex: Impact on the FX Market from the Coronavirus and FSS’ Support of the Market
FXSpotStream CEO, Alan Schwarz, reflects on ongoing changes within the FX market due to the impact of the current global crisis. He also highlights FXSpotStream’s performance, as well as its increasingly important role in global electronic FX markets. Click here to go to the audio podcast page.
FXSpotStream is shortlisted in the TradingTech Insight Awards – USA 2020 for Best Trading Solution for Foreign Exchange (FX) Markets and Best Exchange or Trading Venue Technology Suite. This is an award based on votes received from the market. Please click on the banner below to redirect to the award survey. Thank you for your…
FXSpotStream CEO, Alan Schwarz, speaks to Profit & Loss Managing Editor, Colin Lambert, on a podcast regarding how FXSpotStream supported the FX market during times of heightened volatility and Alan’s observations following record volumes, quote message updates and client orders in March 2020. Click here to listen to the podcast.
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…
Profit & Loss Magazine: “FXSS becomes the bellweather for the disclosed, relationship model”
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…
FXSpotStream New Volume Highs in February: Record ADV, Daily Record and Overall Record
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…
Barclays Joins FXSpotStream as the 14th Liquidity Provider
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…