Day: 28 September 2017

Exclusive: FXSpotStream Announces New LP, CTO, Analytics Suite

FXSpotStream has onboarded State Street as the latest liquidity provider to its service, hired a new CTO and revealed plans to make a new analytics suite available to its liquidity providing banks and clients.

State Street becomes the 13th bank to go live as a liquidity provider on FXSpotStream’s price aggregation service, after Bank of Tokyo-Mitsubishi UFJ (BTMU) was added in December 2015.

“We know from client requests that liquidity from State Street will be a welcome addition to FXSpotStream’s existing bank liquidity.  Our service provides State Street an expanded e-distribution network through our global connectivity network and client base.  With co-location sites in New York, Tokyo and London, clients can use either our GUI or single API connection to access State Street’s liquidity,” Alan Schwarz, CEO of FXSpotStream, tells Profit & Loss.

And Another Thing…

Two of my pet hates have long been the blurring of lines between retail and institutional in FX markets, and the Fix. The start of the Mark Johnson trial, and many peoples’ reaction to it, have only served to increase my rage as it has highlighted both the increasingly loud (to my mind too loud) voice of the retail trader and the stupidity of using the Fix. Put simply, if you want a flash crash every afternoon in London listen to these people.