December 16, 2015 – JERSEY CITY, N.J. – FXSpotStream® LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Bank of Tokyo-Mitsubishi UFJ is now live as a liquidity providing bank to FXSpotStream®’s price aggregation service and client trading with Bank of TokyoMitsubishi UFJ via the service has commenced. Bank of Tokyo-Mitsubishi UFJ is the 12th bank available to clients connected to FXSpotStream®’s service. The addition of BTMU adds to the liquidity available from FXSpotStream®’s existing liquidity providers, which include BofA Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered and UBS.
Alan F. Schwarz, CEO, stated: “Today we celebrate the four year anniversary of our business and are once again extremely gratified with what we have accomplished in 2015. Our volumes have increased 25% January to November compared to the same period last year. Including Bank of Tokyo-Mitsubishi UFJ, this year we added 3 new Liquidity Providers, launched a new GUI, opened a London office, upgraded and doubled the capacity of our infrastructure in each of our sites in New York, London and Tokyo, expanded the number of jurisdictions where the service is available and almost tripled the number of employees globally. Looking ahead, we are extremely well positioned to continue to deliver much needed innovation to the market with our unique business model where we eliminate the cost of execution for price takers and significantly reduce the cost for our liquidity providing banks – all without altering the trading relationship or experience.
Hirochika Iwadare General Manger of Global Markets Trading Division said: “We are extremely pleased to be live with FXSpotStream® as client demand globally for us to provide liquidity over FXSpotStream® has been strong. FXSpotStream® has established itself as an important venue in the market. Its focus on delivering a cost effective means for us to transact with our clients in a fully disclosed, transparent manner makes it an important channel for us to participate in.”
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 Bank of Tokyo-Mitsubishi UFJ
The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) is one of Mitsubishi UFJ Financial Group (MUFG) five primary operating companies and Japan’s largest bank by market value.
Mitsubishi UFJ Financial Group (MUFG) is one of the world’s largest and most diversified financial groups with total assets of JPY258.1 trillion as of March 2014. MUFG’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and many more fields of financial services.
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…