|
|
|
New multibank service aimed at pricing information for spot FX trades.
FXSpotStream LLC has announced the debut of its multibank price aggregation service, aimed at the facilitation of spot foreign exchange (FX) trades.
Banks connected to the company's service include Citi, Bank of America Merrill Lynch, Commerzbank AG, Goldman Sachs, HSBC and JP Morgan Chase. The firms will all serve as liquidity providers for clients. The service is aimed as a market utility rather than a solution, and as such, there are no broker fees for either the bank or the client.
"FXSpotStream provides banks and clients the ability to communicate bilaterally using a solution that does not interfere with the transaction, is transparent and eliminates the cost of execution," says Alan F Schwarz, CEO. "Clients access a 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 solution."
FXSpotStream is a subsidiary of LiquidityMatch LLC, in which many of the participating banks are shareholders.
More from Sell Side Technology
Related Articles
Latest Media
Events
Updating your subscription status 
Gain access for your entire organisation
Work with us on your Integrated Marketing Campaigns
WatersTechnology offers a full range of custom research, surveys, webcasts, video and whitepapers for firms looking to demonstrate thought-leadership through their marketing campaigns and generate sales leads.
Events
Training
Email Alerts
Latest Whitepapers
Complex, dated and unwieldy data infrastructure is not uncommon among even the most progressive companies in the world of finance. As financial regulations...
With the launch of a new legal entity identifier (LEI) looming, the financial services industry needs to get ready to ensure efficient and timely implementation...
Visitor comments Add your comment