To expand its current liquidity pool, FXSpotStream, a subsidiary of LiquidityMatch LLC, added NatWest as its 16th liquidity provider. This development follows FXSpotStream's introduction of new pricing plans earlier this year, marking the platform's first addition of a liquidity provider since 2020.

NatWest Joins FXSpotStream as 16th Liquidity Provider

With the newest addition of NatWest, FXSpotStream aims to diversify its liquidity offerings further and enhance its proposition to clients. The bank joins an already robust lineup of liquidity providers, including Bank of America, Barclays, and Goldman Sachs.

Tom San Pietro, the Interim CEO at FXSpotStream, stated that the new pricing plans allow liquidity providers to select the offering that best suits their business needs. As a result, NatWest's addition is seen as a strategic move to expand the platform's liquidity pool.

"We are delighted to announce that NatWest has taken advantage of the new pricing plans and is the 16th liquidity provider available to clients. On the back of a record-breaking year in volume for FXSpotStream in 2022, it is tremendously exciting to expand the liquidity offering for the first time since 2020," Pietro added.

According to the Interim CEO, FXSpotStream has been a disruptor in the traditional foreign exchange (FX) trading model since its inception in 2011. The platform offers fully disclosed, multi-bank, relationship-based trading services for FX and precious metals.

Analytical Insights for Clients

Olivier Werenne, the Head of eFX Sales EMEA and APAC at NatWest added that FXSpotStream's global reach and shared infrastructure enable the company to offer better pricing and liquidity to their clients.

Last week, FXSpotStream partnered with the financial markets data science firm FairXchange to offer independent execution analytics via the "Horizon" platform. This new feature aims to provide clients with valuable insights into their trading execution, thereby allowing them to refine their trading strategies.

FairXchange's Horizon platform analyzes all relevant transaction and pricing data, facilitating data-driven discussions between liquidity providers and consumers.

FxSpotStream's September ADV Climbs 8.63%

The latest data from FxSpotStream revealed mixed performance regarding trading volumes. While the total average daily volume (ADV) increased in September 2023 compared to August, it showed a year-over-year (YoY) decline.

September's total ADV stood at $95.99 billion, marking an increase of 8.63% from August's $60.8 billion. However, this growth is tempered by a YoY decline of 10.03%. The mixed results indicated a complex trading environment, even as FxSpotStream took steps to offer more transparency and align itself with market standards.