February 25, 2020

Barclays Becomes Liquidity Provider on FXSpotStream

Barclays has become the 14th LP on FXSpotStream’s price streaming service, joining BofA Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, MUFG Bank, Standard Chartered, State Street and UBS.

“We are delighted to have Barclays join the existing liquidity providing banks currently on our Service,” said Alan F. Schwarz, FXSpotStream CEO. “The addition of Barclays continues to address demands from our global client base looking to add to their liquidity sources. We expect to have Barclays live globally in Q2.”

He added, “After recently crossing the 8th year mark in operations, we continue to experience rapid growth on all fronts. The volume supported by the Service has grown every year since the Service was launched.”

“We are extremely pleased to join FXSpotStream as their latest liquidity providing bank,” said Mauricio Sada-Paz, Global Head of eFICC Product & Distribution, at Barclays. “As we continue to grow our eFX offering, partnering with FXSpotStream will allow us to deliver better pricing and liquidity to our clients and provide an exceptional trading experience.”

“We have a global eFX client base that matches well with FXSpotStream’s global footprint,” said Alex Shterenberg, Global Head of G10 and EM EFX Trading at Barclays. “Joining FXSpotStream ensures that we can support and grow our eFX franchise by leveraging their global network from colocation sites in NY, London and Tokyo.”

FXSpotStream, a bank owned consortium, supports a unique commercial model, eliminating the cost of execution for price takers and charging price makers to pay a flat fee for all executed transactions.

The volume recorded in 2019 was USD9.356 trillion, which represented a 21% increase when compared to 2018, which was an increase of 53% the year before. In 2019 their client base increased by 44%.


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