FXSpotStream Adds Credit Suisse as Liquidity Provider

Thursday, 23/04/2015 | 07:55 GMT by Victor Golovtchenko
  • The liquidity provided by the Swiss bank is already live for clients of the LiquidityMatch LLC’s aggregator service FXSpotStream
FXSpotStream Adds Credit Suisse as Liquidity Provider
photo: Bloomberg

Credit Suisse has become the tenth Liquidity provider (LP) for the FXSpotStream aggregator service of LiquidityMatch LLC. The move comes at a time when banks have tightened capital requirements for their broker counterparties in the aftermath of the Swiss National Bank induced Black Swan .

The addition of Credit Suisse compliments the aggregator service provided by FXSpotStream, which already delivers liquidity from a variety of major banks. The remaining nine are BofA Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley and UBS.

Credit Suisse’s service is now live for clients of FXSpotStream’s sites in New York, London and Tokyo.

In the announcement, FXSpotStream CEO, Alan F. Schwarz, commented, “From the first day we formed the company in 2011, we were determined to grow the number of leading FX liquidity providing banks available to our clients."

“With the addition of Credit Suisse, we are nearing a doubling of the global FX banks on the service since we went live and more liquidity providers are planned to be added this year.The growth in liquidity providers and the 310% volume increase Year-on-Year (2014 vs 2013) is the direct result of our unmatched business model,” he added.

Credit Suisse has become the tenth Liquidity provider (LP) for the FXSpotStream aggregator service of LiquidityMatch LLC. The move comes at a time when banks have tightened capital requirements for their broker counterparties in the aftermath of the Swiss National Bank induced Black Swan .

The addition of Credit Suisse compliments the aggregator service provided by FXSpotStream, which already delivers liquidity from a variety of major banks. The remaining nine are BofA Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley and UBS.

Credit Suisse’s service is now live for clients of FXSpotStream’s sites in New York, London and Tokyo.

In the announcement, FXSpotStream CEO, Alan F. Schwarz, commented, “From the first day we formed the company in 2011, we were determined to grow the number of leading FX liquidity providing banks available to our clients."

“With the addition of Credit Suisse, we are nearing a doubling of the global FX banks on the service since we went live and more liquidity providers are planned to be added this year.The growth in liquidity providers and the 310% volume increase Year-on-Year (2014 vs 2013) is the direct result of our unmatched business model,” he added.

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3424 Articles
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About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 26 Followers

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