FXSpotStream has recently expanded its network of liquidity providers by incorporating a new partner, marking a significant development in its service offering. This addition elevates the total number of liquidity providers to 19, enhancing the platform’s commitment to delivering a robust and diverse pool of trading options for clients.
The newly added liquidity provider joins a notable roster that includes major banks like ANZ, Bank of America, Barclays, BNP Paribas, Citi, Commerzbank, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, MUFG, NatWest, Standard Chartered, State Street, Societe Generale, UBS, and Wells Fargo. This expansion signifies FXSpotStream’s ongoing strategy to improve its service and ensure customers have multiple options for liquidity in the financial markets.
In a statement, the CEO of FXSpotStream highlighted that the inclusion of this new liquidity provider broadens the service’s offerings, reinforcing the platform’s intention to enhance market liquidity for clients. They emphasized the importance of the new addition in light of the rapidly increasing trading volumes projected for 2025, which is aimed to be a record year for the company.
Additionally, a representative from the new partner’s Global Markets Trading team expressed that joining FXSpotStream further demonstrates their dedication to innovation and transparency. They view the partnership as a way to enhance accessibility for clients and strengthen their market position, which ultimately contributes to sustainable growth.
Founded in 2011 as a bank-owned consortium, FXSpotStream offers fully disclosed multibank trading services tailored for foreign exchange (FX) and precious metals instruments. The platform supports various trading protocols and provides access to liquidity provider algorithms, streamlining the trading experience for clients.
Clients can connect through a user interface or a single API, benefiting from co-location sites located in major financial hubs, including New York, London, and Tokyo. This design allows for effective communication between clients and the liquidity-providing banks within the system. FXSpotStream has successfully changed the paradigm of FX trading by eliminating execution costs for price takers and introducing a flat fee structure for price makers, distinguishing itself from competitors in the market.
The collaboration with the new liquidity provider signifies a notable shift towards greater efficiency and competitiveness within the forex trading landscape, aimed at meeting the evolving needs of institutional clients. The continuous growth of partnerships and liquidity sources emphasizes the importance of adaptability and innovation in providing superior trading services.