LiquidityMatch subsidiary FXSpotStream announced that Morgan Stanley has gone live as a liquidity provider of FXSpotStream's price aggregation service from FXSpotStream's sites in New York and London.
Morgan Stanley is now the seventh bank available to clients connected to FXSpotStream's service, joining Bank of America Merrill Lynch, Citi, Commerzbank AG, Goldman Sachs, HSBC and JPMorgan.
FXSpotStream provides a multibank foreign exchange (FX) aggregation service to clients for the purpose of executing spot FX trades. The offering functions as a market utility, supplying the infrastructure that facilitates the multibank application programming interface (API) and associated routing mechanism to route trades from clients to liquidity providing banks. Clients access a single API from co-location sites in New York, London and Tokyo and have the potential to communicate with all banks connected to the FXSpotStream solution.
"Morgan Stanley is live from our sites in New York and London just over two months after we signed Morgan Stanley as a liquidity provider on FXSpotStream," says FXSpotStream CEO Alan Schwartz. "We have been supporting bank to client production trading globally since July of last year with our initial set of banks and are pleased to add Morgan Stanley to the list of liquidity providers available to our clients. We expect to have Morgan Stanley live from our site in Tokyo in Q1 of this year. We also expect to be adding liquidity providers to the service in the coming year."
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