Bank of Tokyo-Mitsubishi UFJ Goes Live on FXSpotStream® as 12th Liquidity Provider while Volumes Increase 25% through November
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
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