State Street Officially Goes Live as FXSpotStream’s 13th Liquidity Provider

FXSpotStream LLC, the subsidiary of LiquidityMatch LLC, provides a multibank foreign exchange and precious metals price aggregation service. The company announced today that its most recently added Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider, State Street, is now live and offering liquidity to clients.

The company initially announced the addition of State Street as its 13th liquidity provider back in September of last year. Today’s declaration broadens the number of Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term at the trading venue.

State Street is now among the existing list of prestigious and established banks working with FXSpotStream. The list includes the likes of BofA Merrill Lynch, BTMU, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered and UBS.

FXSpotStream’s Chief Executive Officer, Alan F. Schwarz, commented on the official implementation of State Street’s liquidity. “We closed the year on a strong note with the addition of State Street to the existing panel of global banks on our Service. State Street is now live globally and pricing to our clients out of our sites in New York, London and Tokyo.”

Mr. Schwarz also remarked on the record-breaking volume levels registered by the company in January. As previously reported by Finance Magnates, FXSpotStream’s ADV during January reached an all-time high at $26.3 billion, reaching a total volume of $579 billion.

The new historical best for the company exceeded its previous best monthly performace by 10%, which was recorded in September of last year. Moreover, January’s ADV improved by 33% relative to December 2017, and 40% compared to January of last year.

Global Head of eFX at State Street, Jeremy Armitage, also commented: “Less than three months after announcing we had joined FXSpotStream we started trading with our first client. We are now live and trading with our clients in APAC, EMEA and the Americas and have strong demand from our eFX client base which continues to expand rapidly.”