FXSpotStream Adds BNY to Its Lineup of FX Liquidity Providers
Liquidity in global foreign exchange markets is set
for another boost as FXSpotStream announced the addition of BNY to its trading
service.
The move expands the consortium’s roster of liquidity
providers to 19, reinforcing its position as a platform offering banks and
clients more choice in FX execution.
BNY Expands Market Access
BNY, a major financial services company with over $55
trillion in assets under custody and administration, joins a line-up that
already includes top global players such as J.P. Morgan, Goldman Sachs,
Deutsche Bank, and Citi. The addition is expected to enhance the diversity and
depth of pricing available to FXSpotStream’s clients.
Join buy-side heads of FX in London at fmls25
Jeff Ward, CEO of FXSpotStream, highlighted the
significance of the step. “The addition of BNY broadens the liquidity options
available through our Service,” he said. “As 2025 shapes up to be a
record-breaking year for FXSpotStream, with volumes continuing to rise, we
remain steadfast in our commitment to delivering the best possible Service.”
For BNY, the move reflects a wider strategy of scaling
distribution and expanding client access. Harry Moumdjian, Head of Sales for
Global Markets Trading at BNY, said: “By joining our clients on the platform
where they operate, we are enhancing accessibility, strengthening our unique
market position, and driving sustainable growth.”
FXSpotStream’s Model
Founded in 2011, FXSpotStream operates a unique
commercial model that eliminates execution costs for price takers while
charging liquidity providers a flat fee. The service offers trading in FX and
precious metals, accessible through a single API or GUI from co-location sites
in New York, London, and Tokyo.
With BNY’s entry, the consortium continues to widen
its reach at a time when FX volumes are trending higher. For clients, the
change means greater access to liquidity and potentially tighter spreads,
underscoring how competition among banks and venues is reshaping the trading
landscape.
Elsewhere, FXSpotStream’s UK branch reported a rise in turnover for 2024 in July, with revenue climbing more than 19% year-on-year to
$4.2 million.
Administrative expenses increased to $3.9 million in
2024, compared with $3.3 million a year earlier. Despite the higher costs,
profits before taxes reached $275,911, up about 11% from the prior year, while
net profit after tax came in at $194,971. The results marked another year of growth for
FXSpotStream Europe, the group’s UK-registered unit.
Liquidity in global foreign exchange markets is set
for another boost as FXSpotStream announced the addition of BNY to its trading
service.
The move expands the consortium’s roster of liquidity
providers to 19, reinforcing its position as a platform offering banks and
clients more choice in FX execution.
BNY Expands Market Access
BNY, a major financial services company with over $55
trillion in assets under custody and administration, joins a line-up that
already includes top global players such as J.P. Morgan, Goldman Sachs,
Deutsche Bank, and Citi. The addition is expected to enhance the diversity and
depth of pricing available to FXSpotStream’s clients.
Join buy-side heads of FX in London at fmls25
Jeff Ward, CEO of FXSpotStream, highlighted the
significance of the step. “The addition of BNY broadens the liquidity options
available through our Service,” he said. “As 2025 shapes up to be a
record-breaking year for FXSpotStream, with volumes continuing to rise, we
remain steadfast in our commitment to delivering the best possible Service.”
For BNY, the move reflects a wider strategy of scaling
distribution and expanding client access. Harry Moumdjian, Head of Sales for
Global Markets Trading at BNY, said: “By joining our clients on the platform
where they operate, we are enhancing accessibility, strengthening our unique
market position, and driving sustainable growth.”
FXSpotStream’s Model
Founded in 2011, FXSpotStream operates a unique
commercial model that eliminates execution costs for price takers while
charging liquidity providers a flat fee. The service offers trading in FX and
precious metals, accessible through a single API or GUI from co-location sites
in New York, London, and Tokyo.
With BNY’s entry, the consortium continues to widen
its reach at a time when FX volumes are trending higher. For clients, the
change means greater access to liquidity and potentially tighter spreads,
underscoring how competition among banks and venues is reshaping the trading
landscape.
Elsewhere, FXSpotStream’s UK branch reported a rise in turnover for 2024 in July, with revenue climbing more than 19% year-on-year to
$4.2 million.
Administrative expenses increased to $3.9 million in
2024, compared with $3.3 million a year earlier. Despite the higher costs,
profits before taxes reached $275,911, up about 11% from the prior year, while
net profit after tax came in at $194,971. The results marked another year of growth for
FXSpotStream Europe, the group’s UK-registered unit.
