July 28, 2020 – JERSEY CITY, NJ – In May 2020, FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, announced Societe Generale as the 15th liquidity providing bank to join its Service. Today FXSpotStream is pleased to announce that Societe Generale has now gone live and is trading with clients via its price streaming Service. Societe Generale joins Bank of America, Barclays, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, MUFG, Standard Chartered, State Street and UBS as liquidity providers.
Alan F. Schwarz, FXSpotStream CEO commented: “Our focus when adding a new liquidity provider is to improve the ecosystem for our clients and ensure that we make available to clients liquidity in the areas needed. The addition of Societe Generale fulfils both of these criteria and complements the existing liquidity available to the clients using our Service.
There is a high level of excitement about FXSpotStream right now as our numbers continue to grow. June was another great month for us with an ADV of USD43.287billion. June saw a 19.9% increase month on month from May 2020 and we registered our third highest month ever.
2020 has also been a record-breaking year for FXSpotStream, with March bringing a new high in terms of monthly volume of USD1.372 trillion, and a daily record on March 9th of USD89.6 billion. The Service is averaging an 18.66% increase in ADV per month (Jan ’20 – Jun ’20) vs. the same time period in 2019 and we expect these numbers to continue to rise.”
Alex Dewhurst, Global Head of FX Sales Societe Generale stated: “FXSpotStream’s cost-effective, transparent solution, as well as its impressive growth, were key drivers for us in providing liquidity using their Service. Their network is global, and it fits well with our global business, especially with our Emerging Market footprint. We are truly excited about what this means for us, our clients and prospective clients.”
About FXSpotStream
FXSpotStream is a bank owned consortium founded in 2011 and operates as a market utility. FXSpotStream provides multibank FX streaming, RFS and matching services supporting trading in FX Spot, Forwards, Swaps, NDF/NDS and Precious Metals Spot and Swaps. Banks connected to FXSpotStream serve as Liquidity Providers to clients. Clients can access a GUI or single API from co-location sites in New York, London and Tokyo and have the ability to communicate with all Liquidity Providing banks connected to FXSpotStream. FXSpotStream has revolutionized the FX trading landscape by eliminating the cost of execution for price takers and allowing price makers the ability to pay a flat fee for providing prices to their clients. We are the only venue on the market today with this unique commercial model.
More Posts from FXSpotStream®
In February 2022, FXSpotStream registered a new high in terms of supported volume with an ADV of USD63.135bn. This represented a 19.15% increase MoM (compared to Jan ’22) and a 27.3% increase YoY (vs Feb ’21). The previous ADV high was in March 2020 as volatility around the Covid-19 pandemic reached its peak. Furthermore, February…
In 2021, FXSpotStream registered an ADV of USD48.397billion, an increase of 13.48% YoY vs. 2020 as we continue to gain market share. FXSpotStream reported positive YoY growth each month in 2021, with the exception of one. This growth was driven by positive YoY growth in all products, notably a 26.94% increase in Swaps ADV and…
FXSpotStream has been voted Best Margin FX ECN/Multi bank platform in the J-Money Survey for the 5th consecutive year. J-Money is a leading industry magazine for financial professionals in Japan. Founded in 1986, J-Money has published articles and editorial articles covering market trends such as foreign exchange, bonds and stocks, as well as developments in…
October 6, 2021 – JERSEY CITY, NJ – FXSpotStream (FSS) announces the deployment of a new low-latency architecture. The new architecture, which will be deployed globally, will deliver substantial improvements to the Service’s market data processing times. The project is already underway in the New York site and will involve a full overhaul of the…
Colin Lambert talks with Alan Schwarz, CEO, and Tom San Pietro, CTO, of FXSpotStream about the platform’s recent addition of algos. The three discuss the thinking behind the launch; the challenges of delivering multiple algos, from multiple providers, via an API; and the opportunity set for FXSpotStream and its clients on the buy and sell…
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 Allocations. Click here to read the full interview here.
June 23, 2021 – JERSEY CITY, NJ – FXSpotStream (FSS) has added functionality to support FX Algos and Allocations over its API and expects to have its first clients live in early Q3. FSS clients will have access to over 70 different Algos and 200+ parameters offered by the FSS Liquidity Providers (LPs). FX…
FXSpotStream has crossed the USD50 Trillion mark in volume supported over the Service since going live. Volumes over FSS have grown every year since FSS first launched, and in 2020 FXSpotStream registered as the fastest growing eFX service for the third consecutive year. Not only is this is a great milestone, but it also demonstrates…
FXSpotStream is proud to announce it was honored as the ‘Best FX Trading Platform’ in the 2021 Markets Choice Awards from Markets Media. It was the combination of FXSpotStream’s ‘no cost to taker’ model, combined with a strong focus on client service, that saw FXSpotStream emerge victorious. In 2020, FXSpotStream registered as the fastest growing…
In March 2021, FXSpotStream posted an ADV of USD54.674billion, an increase of 10.24% MoM vs February. March’s second highest ADV on record comes on the heels of the second highest ADV previously recorded last month, and trails only March 2020 when the FX market saw extreme volatility due to the Covid-19 outbreak. March ’21 also…