FXSpotStream® Announces Launch of New GUI as June ADV Increases 24% MOM and 54% YOY
July 22, 2015 JERSEY CITY, N.J. – FXSpotStream® LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced the launch of a new Graphical User Interface (GUI). The new GUI is based on HTML5 technology which allows clients to easily launch the GUI directly from a standard browser without the need to download software to a local PC.
Some of the key features in the GUI include the ability to access brokerage free liquidity from up to 11 top global FX banks (BofA Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered and UBS). Clients can now also trade FX spot, outright forwards and swaps on a single screen on a streaming ESP and RFS basis. The GUI also provides clients the ability to build and view a customized Swap Curve, choosing tenors up to 18M to see the best price for each tenor selected.
Alan F. Schwarz, CEO, stated: “We continue to listen to what our clients need and the GUI provides them a brokerage free, easily accessible, robust application to meet their trading requirements. The launch of the new GUI continues the rapid expansion of the service this year where we have already added new order types to our API; added two more Liquidity Providers – Credit Suisse and Standard Chartered Bank; and opened our London office.
The ongoing investment in new product delivery methods, expanded functionality and the addition of liquidity providers reflects our strong commitment to bringing much needed innovation to the FX marketplace on both a transactional and technology level. As a result we see continued growth in our volumes with June recording a 24% ADV increase versus May and a 54% ADV increase year-on-year. And, this month we were honored to be recognized by the FX community with the FX Week 2015 “Best Professional e-Trading Venue” award in a category which included many well established venues. FXSpotStream®’s unique business model is leading the industry in offering a no transaction fee, transparent venue for banks and clients to trade on.”
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.
Contact:
Alan F. Schwarz, CEO
tel: +1 201 217 8075
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