May 11, 2016 – JERSEY CITY, N.J. – FXSpotStream® LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that it will start publishing monthly supported volumes on its website at fxspotstream.staging.wpengine.com/volumes. With liquidity from 12 leading global banks – BofA Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered and UBS – the service continues to see robust supported volumes and client growth.
Alan F. Schwarz, CEO, stated: “As our business approaches its 4 ½ year anniversary we believe it’s a good time for us to share our volumes with the market. In April, across the whole service, we supported USD18 billion (single count), a 41% Average Daily Volume (ADV) increase when compared to April 2015 and a 2% ADV increase over March 2016. In February we supported a record ADV of USD21 billion. In addition, client growth for our streaming aggregation business in April year on year increased 20%. We are extremely pleased with how fast the business has grown and we share our success with the many clients, banks and technology partners that have supported us over the years. As the only bank owned FX venue in the industry, our streaming aggregation business model is unique and is leading the industry in offering a transparent, no fee service for price takers and no transaction fee for price makers.
FXSpotStream® continues to go from strength-to-strength and is filling a clear need in the market. We started the streaming aggregation business in 2011 with just a spot FX API and 6 Liquidity Providers. In the last 4 plus years we have significantly expanded the streaming aggregation offering and now support trading in spot FX and spot precious metals, FX forwards and swaps and multiple order types, and we have doubled the number of Liquidity Providers to 12. We also launched a new HTML5 GUI last summer and opened a London office. In July we will be opening an office in Tokyo to further support our growing Asia business and will expand our sales and support staff in the region. Today we have clients in all of the major financial centers, and to support our expansion we recently upgraded and doubled the capacity of our infrastructure in each of our co-location sites in New York, London and Tokyo.”
About FXSpotStream®
FXSpotStream® provides a multibank FX streaming aggregation and a matching service supporting trading in FX Spot, Forwards and Swaps and Spot Precious Metals. Banks connected to FXSpotStream®’s streaming aggregations venue serve as Liquidity Providers to clients. FXSpotStream®’s streaming aggregation service 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®’s streaming aggregation venue does not charge brokerage fees to clients or banks.
Contact:
Alan F. Schwarz, CEO
tel: +1 201 217 8075
More Posts from FXSpotStream®
FXSpotStream Co-founder & CEO, Alan F. Schwarz spoke with FX Algo News to discuss how clients will benefit from the upcoming functionality additions. Click here to read the full article. FX_Algo_News_Feb_2021
CEO, Alan F. Schwarz caught up with Gerald Segal of FX News Group to discuss the recent announcement of functionality being added to support Algos and Allocations over the API. FNG Exclusive Interview… In January FNG carried news that FX streaming aggregation service provider FXSpotStream was adding functionality to support FX Algos and Allocations over its API. While that might sound technical to…
FXSpotStream have further enhanced their sales team with the addition of Matthew Fic as SVP – Americas Head of Sales and the promotion of Antony Brocksom and Rhys Bryan internally. Matt is an FX industry veteran, with almost 17 years of experience in various roles; most recently as Head of Electronic FX Sales Americas at…
Read the Cover Interview with FXSpotStream’s Co-founder & CEO, Alan F. Schwarz who talks about the company’s recent announcement to support FX Algos and Allcoations. Click here to read the full article.
January 28, 2021 – JERSEY CITY, NJ – FXSpotStream (FSS) announces the upcoming addition of functionality to support FX Algos and Allocations over its API. FSS clients will have access to over 70 different Algos and 200+ parameters offered by the FSS Liquidity Providers (LPs). FX Allocations will allow clients on a pre- and/or post-trade…
2020 saw FXSpotStream cross the USD11 Trillion mark in terms of volume supported over the Service for the first time in the company’s 9 year history. With an 18.52% increase in overall volume, FSS registered as the fastest growing eFX Service for the third consecutive year. Thank you to our loyal clients, LPs and Vendor…
FXSpotStream today celebrates 9 years of service in the FX Industry after opening its doors in 2011. CEO Alan Schwarz took a moment to express his gratitude to those associated with FXSpotStream in the letter below. A Letter From The CEO Dear Valued Clients, LPs and Vendor Partners, Nine years ago, with the support of…
FXSpotStream is delighted to announce the appointment of Ripsy Arora. Ripsy joins the team as VP, Relationship Manager. Ripsy began her career working in Fixed Income on the Straight Through Processing team at Tradeweb, before moving on to a role in Delivery Management with Fidessa. There, she was client facing for the hosted platform covering…
FXSpotStream is delighted to announce the appointment of Merg Limani. Merg joins the team as Regional Support Manager, Americas. With over 20 years’ experience in the FX industry, Merg has a wealth of knowledge and is a valuable addition the team. Most recently Merg held roles with Standard Chartered Bank and Traiana prior to that.…
FXSpotStream is delighted to announce the appointment of Caryn Kim. Caryn joins the team as Business Development Manager. Caryn began her career with Lord Abbett before working at several global banks, including J.P. Morgan, Barclays, HSBC and Deutsche Bank. Most recently Caryn led the Onboarding team with XP Investments covering FX, Equity Derivatives and Futures…