Alan F. Schwarz’s 11 and a half years journey as the Co-Founder and CEO of FXSpotStream will come to an end in February, the forex veteran announced on Tuesday.
FXSpotStream is a provider of multi-bank foreign exchange aggregation services for forex spot, swaps and forwards. The price streaming service is a wholly owned subsidiary of LiquidityMatch which was co-founded by Schwarz.
“Will keep the drivers for this moment to myself for now, but time to move on and very much looking forward to the next chapter,” Schwarz wrote on LinkedIn.
Alan Schwarz's Decade-Plus Journey at FXSpotStream Ends
FXSpotStream serves as a market utility by providing the technology and infrastructure that supports a multibank graphic user interface (GUI) and an application programming interface (API) to send orders from clients to liquidity providers.
Additionally, the aggregation brand says it provides clients with access to GUI or a single API from co-location sites in New York, London and Tokyo and has the potential to communicate with all liquidity-providing banks connected to the FXSpotStream solution.
“I am very proud of what we have built as an internal team at FXSpotStream. I have learned a great deal during this decade-plus journey and have been fortunate to watch as people at the company have grown personally and professionally,” Schwarz said.
Since its inception, FXSpotStream has continued to expand its client base. The company currently serves streaming liquidity providers such as Barclays, BofA Merrill Lynch, Societe Generale, Citi and Commerzbank.
“We have been extremely lucky to have the support of so many clients and vendor partners around the world as we have built a truly great business and brand from scratch,” Schwarz wrote in his LinkedIn post.
Alan Schwarz's Career Spans Three Decades
Schwarz boasts of a career spanning over three decades. Before the veteran co-founded FXSpotStream in August 2011, he worked as the General Counsel of Americas at ICAP North America Inc. between 2003 and 2009. He co-founded and served as the President and Chief Operating Officer of ICAP majority-owned Trading Cross Connects between February 2009 and November 20011.
Moreover, Schwarz co-founded Bay Head CI US Holdings and ran the company as the CEO and a Board Member between February 2009 and November 2011.
In other roles, Schwarz worked for BrokerTec as the Global General Counsel and Chief of Staff between 2001 and 2003. Before that, he joined Treeba, Inc. as General Counsel & Director of Vertical Markets in June 2000. However, his first appointment started in 1991 when he worked at various law firms.
