CREDIT SUISSE GOES LIVE GLOBALLY ON FXSPOTSTREAM® AS THE 10TH LIQUIDITY PROVIDER AND COMMENCES CLIENT TRADING
April 22, 2015, JERSEY CITY, N.J. – FXSpotStream® LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Credit Suisse is now live as a liquidity providing bank to FXSpotStream®’s price aggregation service from FXSpotStream®’s sites in New York, London and Tokyo. Client trading with Credit Suisse via the service has commenced. Credit Suisse is the 10th bank available to clients connected to FXSpotStream®’s service. The addition of Credit Suisse adds to the liquidity available from FXSpotStream®’s existing liquidity providers, which include BofA Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley and UBS.
Alan F. Schwarz, CEO, stated: “From the first day we formed the company in 2011, we were determined to grow the number of leading FX liquidity providing banks available to our clients. With the addition of Credit Suisse, we are nearing a doubling of the global FX banks on the service since we went live and more liquidity providers are planned to be added this year. The growth in liquidity providers and the 310% volume increase Year-on-Year (2014 vs 2013) is the direct result of our unmatched business model. FXSpotStream® is leading the FX industry in offering a high quality, transparent, low cost venue for market participants to transact in a fully disclosed bilateral manner. Today, our clients and banks have to run their businesses with careful attention to the cost of trading and our unique, no brokerage fee approach satisfies their need.”
About FXSpotStream®
FXSpotStream® provides a multibank FX aggregation service to clients to execute FX Spot, Forwards and Swaps and Spot Precious Metals trades. Banks connected to FXSpotStream® serve as Liquidity Providers to clients. FXSpotStream® 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® does not charge brokerage fees to clients or banks.
About Credit Suisse Group AG
Credit Suisse AG is one of the world’s leading financial services providers and is part of the Credit Suisse group of companies (referred to here as ‘Credit Suisse’). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 45,800 people. The registered shares (CSGN) of Credit Suisse’s parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
Contact:
Alan F. Schwarz, CEO
tel: +1 201 217 8075
More Posts from FXSpotStream®
NOVEMBER 18, 2024 – JERSEY CITY, NJ – Deutsche Bank is now live and trading with clients via FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, extending the bank’s FX wholesale liquidity. Deutsche Bank (DB) becomes the 18th liquidity provider available on FXSpotStream’s Service, joining ANZ, Bank of America, Barclays, BNP Paribas, Citi, Commerzbank,…
OCTOBER 08, 2024 – JERSEY CITY, NJ – ANZ has become the first Australian bank to join FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, extending the bank’s FX wholesale liquidity. As the 17th liquidity provider on FXSpotStream’s Service, ANZ joins Bank of America, Barclays, BNP Paribas, Citi, Commerzbank, Goldman Sachs, HSBC, J.P.Morgan, Morgan…
September saw FXSpotStream set a new record in terms of Overall ADV, crossing the USD100billion mark for the first time in the company’s history. September’s Overall ADV of USD101.925billion is the sixth Overall ADV record set this year and marks a 5.3% increase over the previous record set last month. While Spot ADV saw a…
In May of 2021, FXSpotStream celebrated crossing the USD50trillion mark in terms of overall volume supported since going live. While that first USD50trillion took 10 years to achieve, the second took only 3, coming in June of 2024. 2024 has proved to be a record breaking year so far for FSS – with 4 new…
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…
Jeff Ward, FXSpotStream, CEO, speaks on his new role, his plans for 2024 and two record ADV months in Q1.
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…
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…
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,…
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…