Societe Generale Goes Live on FXSpotStream Price Streaming Service

FXSpotStream LLC announced this Tuesday that Societe Generale has now gone live on the company's price streaming service, becoming the 15th Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider on the platform.

As Finance Magnates reported, Societe Generale joined the price aggregation service as a liquidity providing bank back in May. However, the development announced today is that the French bank is now live and is trading with clients via the service.

Societe Generale is the 15th liquidity provider

Societe Generale is the 15th liquidity provider on FXSpotStream, a wholly-owned subsidiary of LiquidityMatch LLC. The 14 other Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on Read this Term are Bank of America, Barclays, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, MUFG, Standard Chartered, State Street and UBS.

Commenting on the update, Alan F. Schwarz, FXSpotStream CEO, said in the statement: "Our focus when adding a new liquidity provider is to improve the ecosystem for our clients and ensure that we make available to clients liquidity in the areas needed. The addition of Societe Generale fulfills both of these criteria and complements the existing liquidity available to the clients using our Service."

FXSpotStream continues to expand liquidity providers

Less than a week ago, FXSpotStream announced that it had added liquidity from Barclays for its clients in production, after establishing a partnership with the UK-based bank back in February of this year, joining as the 14th liquidity provider.

"FXSpotStream's cost-effective, transparent solution, as well as its impressive growth, were key drivers for us in providing liquidity using their Service," added Alex Dewhurst, Global Head of FX Sales Societe Generale in the statement.

"Their network is global, and it fits well with our global business, especially with our Emerging Market footprint. We are truly excited about what this means for us, our clients and prospective clients."

FXSpotStream was founded in 2011 as a bank-owned consortium that operates as a market utility, providing multibank FX streaming and matching services. Banks that are connected to the platform serve as liquidity providers to clients.