NatWest Becomes FXSpotStream's New Liquidity Provider on Price Streaming Service

FXSpotStream, a multibank Forex and precious metals streaming service provider and a wholly-owned subsidiary of LiquidityMatch LLC, announced that NatWest, a major retail and commercial bank in the United Kingdom, has become the 16th liquidity-providing bank available to clients connected to FXSpotStream's price streaming service.

Tom San Pietro, Interim CEO of FXSpotStream, said: "In Q1 of 2023 FSS rolled out new liquidity provider pricing plans that allow liquidity providers to choose a plan that best fits their business and commercial needs. Our objective was to improve our value proposition to our clients by delivering more of their relationship liquidity needs. We are delighted to announce that NatWest has taken advantage of the new pricing plans and is the 16th liquidity provider available to clients. On the back of a record-breaking volume year for FXSpotStream in 2022, it is tremendously exciting to be expanding the liquidity offering for the first time since 2020."

Olivier Werenne, Head of eFX Sales EMEA and APAC at NatWest, said: "FXSpotStream's global footprint and shared infrastructure allow us to deliver better pricing and liquidity to our clients, providing them with one point of access to liquidity without incurring the costs of maintaining multiple APIs. We are delighted to join FSS."

Liquidity providers for the price streaming service also include Bank of America, Barclays, BNP Paribas, Citi Commerzbank, Credit Suisse, Goldman Sachs, HSBC, J.P.Morgan, Morgan Stanley, MUFG, Standard Chartered, State Street, Societe Generale and UBS.

FXSpotStream has experienced growth in average daily volume (ADV) for several consecutive months. In September, its turnover totaled $1.38 trillion, down from $1.39 trillion in the prior month. However, the ADV for September reached $65.9 billion​, marking the highest level in six months.