About
A bank owned consortium operating as a market utility.
Launched in December , FXSpotStream® provides the infrastructure that facilitates a multibank API and GUI to send orders from clients to Liquidity Providers.
- Founded
- Offices
- 4
- Co-location sites
- 3
- Liquidity Providers
- 19
Overview
What the Service is.
FXSpotStream® is a bank owned consortium operating as a market utility, providing a multibank FX streaming and RFS service, supporting pricing in FX Spot, Forwards, Swaps, NDF/NDS and Precious Metals Spot and Swaps.
Launched in December , FXSpotStream® eliminates the costs of execution for price takers and offers banks and clients the ability to interact bilaterally and in a fully transparent manner.
Banks connected to FXSpotStream serve as Liquidity Providers to clients. Clients can access a GUI or a single API from co-location sites in New York, London and Tokyo, and can communicate with all Liquidity Providing banks connected to the Service.
FXSpotStream also offers access to all of the Algos of its Liquidity Providers over both the API and the GUI, and supports pre- and post-trade Allocations.
FXSpotStream does not charge its price taker clients for use of the Service, does not engage in proprietary or other forms of trading, and does not add spreads to any transaction supported by the Service. Trading takes place between counterparties that have a trading relationship, and FXSpotStream is not a party to any transaction.
We are the only venue on the market today with this unique commercial model.
Source: published FXSpotStream general information
Capability
What a client is able to do.
- Physical connections
- Reduce the number of physical connections associated with writing to and maintaining multiple APIs, or access up to 19 banks on one screen.
- Human capital cost
- Reduce the human capital cost.
- Time to market
- Reduce the time to market.
- Bilateral relationship
- Preserve the bank to client bilateral relationship, with price streams tailored specifically for the client.
- Performance
- Improve performance depending on the existing connectivity.
Source: published FXSpotStream general information
Structure
The entities.
- FXSpotStream LLCOperating entity
- The entity that operates the Service. A wholly owned subsidiary of LiquidityMatch LLC.
- Jersey City, NJ
- LiquidityMatch LLCParent company
- The parent company of FXSpotStream LLC, and the company that launched RateStream LLC.
- FXSpotStream Europe Ltd.United Kingdom entity
- The group's UK entity, and the hiring entity for London roles.
- London
- RateStream LLCSister company, fixed income
- Fixed income streaming sister company launched by LiquidityMatch LLC in May 2026, initially covering U.S. Treasuries.
FXSpotStream does not publish the identities of its consortium shareholders. The Liquidity Provider roster is a product fact and is not a statement of ownership.
Conduct
FXSpotStream publishes a Statement of Commitment to the FX Global Code.
Global FX Code Statement of Commitment (PDF)
Membership: FXPA (FX Professionals Association), joined January 2016.
Milestones
15 dated milestones.
| Date | Milestone |
|---|---|
| LiquidityMatch LLC launches RateStream LLC, a no cost to taker fixed income streaming service covering US Treasuries. | |
| New record monthly ADV of USD173.60bn. | |
| Service enhancements roll out: intelligent monitoring, high availability active-active infrastructure, and quarterly resilience validations. | |
| Euromoney names FXSpotStream the world's best FX pricing solution. | |
| BNY joins as the 19th Liquidity Provider on the Service. | |
| Deutsche Bank goes live as a Liquidity Provider on the Service. | |
| ANZ joins as a Liquidity Provider, the first Australian bank on the Service. | |
| Jeff Ward begins as Chief Executive Officer. | |
| Support for Algos and Allocations goes live. | |
| FX│Insights℠ real time analytics launched. | |
| Support for NDF/NDS added. | |
| FX Forwards and Swaps, and RFS functionality, added. | |
| Spot Precious Metals added. | |
| GUI added to the Service. | |
| FXSpotStream LLC, a subsidiary of LiquidityMatch LLC, is formed. |
15 entries, most recent first. Two entries on the legacy company timeline, dated February 2022 and October 2022, repeat volume figures published earlier and are omitted pending confirmation. Monthly volume releases are published in full in the news archive.
Fifteen years of this, and still no fee for price takers.
Every bank on the Service is one you already hold a dealing relationship with. Tell us what you trade and where you connect from, and the sales team will take it from there.
Jersey City +1 201 217 8075│London +44 (0)20 4576 1444│Tokyo +81 (0)50 5497 5187│Amsterdam +31 (0)20 793 2390