FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Credit Suisse is now live as a liquidity providing bank to FXSpotStream’s price aggregation service from FXSpotStream’s sites in New York, London and Tokyo.
Client trading with Credit Suisse via the service has commenced. Credit Suisse is the 10th bank available to clients connected to FXSpotStream’s service. The addition of Credit Suisse adds to the liquidity available from FXSpotStream’s existing liquidity providers, which include BofA Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley and UBS.
Alan F. Schwarz, CEO, stated: “From the first day we formed the company in 2011, we were determined to grow the number of leading FX liquidity providing banks available to our clients. With the addition of Credit Suisse, we are nearing a doubling of the global FX banks on the service since we went live and more liquidity providers are planned to be added this year. The growth in liquidity providers and the 310% volume increase Year-on-Year (2014 vs 2013) is the direct result of our unmatched business model. FXSpotStream is leading the FX industry in offering a high quality, transparent, low cost venue for market participants to transact in a fully disclosed bilateral manner. Today, our clients and banks have to run their businesses with careful attention to the cost of trading and our unique, no brokerage fee approach satisfies their need.”