FXSpotStream LLC has announced that State Street went live in November as the 13th liquidity providing bank to its FX and Precious Metals price aggregation service.
Alan F. Schwarz, CEO, stated: “Taking State Street live in all three of our collocation sites capped another great year for our business. 2017 saw several months of record-breaking trading volumes as well as a significant expansion of our product offering. We added NDFs and NDS, precious metals swaps and launched our new analytics suite, FXInsights. As the only bank owned FX service in the industry, structured as a market utility, FXSpotStream provides the market a better, less expensive, more efficient and transparent venue for banks and clients to transact with each other in a fully disclosed bilateral manner.”