FXSpotStream to Add FX Algos and Allocation Functionality over API

​FXSpotStream, a FX streaming aggregation service provider, recently announced that it will add FX Algos and Allocation functionality over its API from the second quarter of this year.

According to the company, the new services will provide its clients with over 70 different Algos and more than 200 parameters offered by the Liquidity Providers (LPs). Further, clients will be allowed to send and allocate orders from multiple accounts at the same time on a pre- and/or post-trade basis through FX Allocations.

The company said that the addition of new functionality will contribute to the continued growth of its business and will be an invaluable tool for the Asset Management and Hedge Fund community as well as others that currently access its service.

Tom San Pietro, FXSpotStream CTO said:”FSS will offer the industry's first multibank FX Algo API. This is a rapidly growing area of the market and one which is of significant investment and focus for us and our LPs.”

Tom added:“Our aim is always to make the interaction between our clients and LPs efficient, cost effective and transparent. The addition of Algos and Allocations achieves that objective.”

FXSpotStream is a bank-owned consortium, providing a multibank FX aggregation service for spot FX trading, with extended services for the derivatives market as well.