FXSpotStream to Launch Low-Latency Architecture

FXSpotStream, which provides a multibank FX aggregation service for spot FX trading, announced the global deployment of new low-latency architecture on Wednesday. According to the press release, the infrastructure aims to improve the firm’s market data processing times.

The announcement noted that such deployment is taking place in New York. It will involve a full overhaul of the existing infrastructure for FXSpotStream’s 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 providers and clients. “We have grown tremendously since our launch in 2011, becoming the 3rd largest FX Service by volume with an ADV this year at USD48.5billion. At the same time, we have placed great importance on the speed and quality of our market data distribution. Our aim is to provide our clients plus 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 with the best-in-class infrastructure and prioritize the performance and reliability of the Service in the same way as our deep product offering. Ensuring that our clients receive pricing and can send orders in a timely manner is of critical importance,” Alan Schwarz, FXSpotStream Co-Founder and CEO, said.

The executive noted that the implementation of the architecture will see an improvement in time after setting a maximum time to provide a level of consistency in performance during periods of high market volatility. “As we look forward to the next decade, we remain very bullish about our business. We recently launched our API support for all of our banks’ Algos and supported Allocations functionality. In just two months since we went live with our Algo offering, we have already supported USD 3.2 billion client Algo orders. Work to add a GUI to support Algos and Allocations is underway and is expected to be live by late Q1 2022,” he added.

Recent FXSpotStream Metrics

On October 1, FXSpotStream reported that its overall volume on a yearly basis crossed the $1 trillion mark for the fifth time in 2021. In fact, the total trading volume hit $1.06 trillion in September, with an average daily volume (ADV) of $48.353 billion, which is a surge of 16.9% on a monthly basis.