18 October 2017
Find out more

FXSpotStream launches desktop app

10 July 2013  |  1281 views  |  0 Source: FXSpotStream

FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that it has launched a Desktop Application to enhance its existing Application Program Interface (API) Spot FX price aggregation Service.

Clients of FXSpotStream will be able to access on one screen prices from the existing liquidity providers, which include BofA Merrill Lynch, Citi, Commerzbank AG, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley and UBS.

Alan F. Schwarz, CEO, stated: "The launch of the Desktop Application marks the next logical step in FXSpotStream's business and comes one year after the successful global deployment of our multibank API price aggregation Service. Clients have been asking us to offer access via a Desktop Application to the same value proposition we currently make available on the API. The Desktop Application complements the existing API offering and will allow us to attract additional clients who will benefit from a commission and cost free Service. With the Desktop Application we significantly reduce the time it takes for a client to access in one place up to 8 liquidity providers. As with the API, the Desktop Application offers clients and banks the ability to transact in a transparent, fully disclosed bilateral basis. Additional enhancements to the Service are in process as we continue to listen to our clients and address their needs."

FXSpotStream provides a multibank FX aggregation Service to clients for the purpose of executing Spot FX trades. Banks connected to FXSpotStream serve as liquidity providers to clients. FXSpotStream functions as a market utility, providing the infrastructure that facilitates the multibank price aggregation Service and associated routing mechanism to route trades from clients to liquidity providers. Clients access a Desktop Application or 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.

Liam Hudson, BofA Merrill Lynch's Managing Director and Global Head of FX Ecommerce Trading, added "The aim of the Desktop Application is to replicate for manual traders the successful API price aggregation offering by allowing them to view on one screen prices from FXSpotStream's liquidity providers. With the addition of the Desktop Application we expect the volumes currently supported by FXSpotStream to continue growing. FXSpotStream continues to address our needs and those of our clients and is able to do so in a cost effective manner."

FXSpotStream's Desktop Application is supported by smartTrade Technologies. David Vincent, CEO of smartTrade said: "We are pleased to be a part of FXSpotStream's evolution and product extension to now include a Desktop Application. The Desktop Application forms a part of the end-to-end technology solution we currently offer FXSpotStream and which is used by some of the largest FX market participants and banks in the market. We look forward to continuing our relationship with FXSpotStream as its service of the FX market continues to expand." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15437 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8634 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8181 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7688 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6880 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job