Morgan Stanley Joins FXSpotStream as a Liquidity Provider
"We are excited about joining FXSpotStream as a liquidity provider," says Harry Moumdjian, executive director at Morgan Stanley. "We look forward to being part of a service that offers the FX market price aggregation from some of the leading FX market participants and brings efficiencies to the bilateral trading relationship with our clients."
According to the utility: Banks connected to FXSpotStream serve as liquidity providers to clients. FXSpotStream provides the infrastructure that facilitates the multibank API and associated routing mechanism to route trades from clients to liquidity providers. 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 does not charge brokerage fees to clients or liquidity banks.
"The addition of Morgan Stanley brings another valued liquidity provider to FXSpotStream," says Rick Schonberg, managing director at Goldman Sachs. "Now that FXSpotStream is live globally, the FX banks connected to the FXSpotStream service are able to deal directly with clients in a more efficient and transparent manner. We look forward to helping grow the FXSpotStream service."
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