Deutsche Bank Now Live as Newest Liquidity Provider on the Service
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, Goldman Sachs, HSBC, J.P.Morgan, Morgan Stanley, MUFG, NatWest, Standard Chartered, State Street, Societe Generale, UBS and Wells Fargo, as it continues its commitment to diversifying its liquidity pool.
FXSpotStream CEO, Jeff Ward stated: “DB has been a Global leader in FX Liquidity provision for many years, and we are excited to welcome them to the FXSpotStream service. 2024 has been a historic year for FXSpotStream in terms of volumes, but the additions we have made, and the excellent performance of the low latency infrastructure give us reason to believe that 2025 will be even better.”
Ollie Jerome, Head of European FX Product at Deutsche Bank said: “Our new relationship with FXSpotStream is consistent with our strategy of providing liquidity to the market and our clients across all relevant venues. As the FX ecosystem continues to evolve, we are keen to benefit from the existing efficiencies that FXSpotStream affords banks, as well as future opportunities to help us mitigate the transactional cost of liquidity provision and servicing clients. At Deutsche Bank, we are committed to innovation, efficiency and transparency, and we are confident that the partnership with FXSpotStream supports those objectives.”
About FXSpotStream
FXSpotStream is a bank owned consortium founded in 2011 and provides fully disclosed, multibank, relationship-based trading services for FX and precious metals instruments. The service supports ESP and RFS trading protocols along with access to liquidity provider algo suites. 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 giving price makers the ability to pay a flat fee to provide pricing to their clients. They are the only venue on the market today with this unique commercial model.
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
