FXSpotStream, a subsidiary of LiquidityMatch LLC, has broadened its liquidity pool by bringing NatWest on board as its 16th provider. This move follows the implementation of new pricing plans that offer increased flexibility to providers such as Barclays and Goldman Sachs. The addition of NatWest marks the first since 2020, signaling a significant development for the bank-owned consortium.
The platform, which disrupted forex trading since its inception in 2012, offers fully disclosed, relationship-based multi-bank trading services for foreign exchange and precious metals. By providing clients with a single point of access to liquidity through various trading protocols and algo suites, FXSpotStream continues to enhance its service offering.
Interim CEO Tom San Pietro and Olivier Werenne from NatWest have praised this expansion, particularly following a record-breaking volume year in 2022. Despite the reported year-on-year decline of 10.03%, the platform experienced an average daily volume (ADV) of $95.99 billion in September, marking an 8.63% increase from August.
In an effort to foster data-driven discussions and improve clients' relationship liquidity needs, FXSpotStream has partnered with FairXchange to offer execution analytics via the Horizon platform. This move is expected to facilitate mutually beneficial relationships between the platform and its clients by leveraging transaction data analysis.
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