Multi-bank foreign exchange price aggregation service FXSpotStream, a subsidiary of LiquidityMatch, announced that Credit Suisse has agreed to join its liquidity provision service.
Credit Suisse will offer foreign exchange (FX) liquidity to FXSpotStream clients alongside other providers Bank of America Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley and UBS.
"Credit Suisse is continually looking for new ways to service clients and, by joining FXSpotStream, we are providing them with an additional point of access for FX liquidity," says John Estrada, head of eFX trading at Credit Suisse.
"With the addition of Credit Suisse, our mutual clients now have access to liquidity from nine of the top 12 global FX banks," says Alan Schwarz, CEO of FXSpotStream. "We expect to have Credit Suisse live and available for trading next month. Additional liquidity providers are expected to join the service later this year."
Earlier this month, it was announced that Credit Suisse CEO Brady Dougan will step down from the position in June and will be replaced by current CEO of Prudential, Tidjane Thiam.
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