Multibank liquidity services provider FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, has announced that Wells Fargo has joined FXSpotStream as a Liquidity Provider, and is now live with multiple clients.
FXSpotStream, which is dedicated to providing a diverse liquidity pool for its clients, said that Wells Fargo (NYSE:WFC) becomes the 16th bank connected to its price streaming service, joining Bank of America, Barclays, BNP Paribas, Citi, Commerzbank, Goldman Sachs, HSBC, J.P.Morgan, Morgan Stanley, MUFG, NatWest, Standard Chartered, State Street, Societe Generale and UBS.
FXSpotStream CTO Tom San Pietro commented:
“It is tremendously exciting to see this level of interest in becoming a liquidity provider on the Service. FXSpotStream has become a name synonymous with growth, client service, performance and reliability. We feel that these qualities are what have made us such an appealing prospect for LPs.
“We are extremely excited to be working with Wells Fargo and adding another high-quality liquidity provider that had been requested by our client base. In Q4 of last year, we added our first LP since 2020 and having a second now live is confirmation that the plans that we created with the goal of adding additional LPs have been effective and are delivering the desired results.”
About FXSpotStream
FXSpotStream is a bank owned consortium founded in 2011 and provides fully disclosed, multibank, relationship-based trading services for FX and precious metals instruments. The service supports ESP and RFS trading protocols along with access to liquidity provider algo suites. Banks connected to FXSpotStream serve as Liquidity Providers to clients.
Clients can access a GUI or single API from co-location sites in New York, London and Tokyo and have the ability to communicate with all Liquidity Providing banks connected to FXSpotStream. FXSpotStream has revolutionized the FX trading landscape by eliminating the cost of execution for price takers and giving price makers the ability to pay a flat fee to provide pricing to their clients. They are the only venue on the market today with this unique commercial model.
