FXSpotStream Fills Gap with Deutsche Addition

FXSpotStream has filled a major gap in its liquidity provider ranks with the announcement that Deutsche Bank is joining the service, becoming the 18^th LP to do so.

Deutsche joins ANZ, Bank of America, Barclays, BNP Paribas, Citi, Commerzbank, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, MUFG, NatWest, Standard Chartered, State Street, Societe Generale, UBS and Wells Fargo, meaning that FXSS has now effectively onboarded all the major FX banks operating globally.

New LP has historically led to a bump in FXSS volumes, largely due to the distribution model. In 2024 it has added Wells Fargo and ANZ, which helped with a 42% jump in average daily volume, across all products in the first 10 months of the year, compared to the same period in 2023.

This means Jeff Ward, CEO of FXSpotStream, is justifiably bullish looking ahead. “2024 has been a historic year for FXSpotStream in terms of volumes, but the additions we have made, and the excellent performance of the low latency infrastructure give us reason to believe that 2025 will be even better,” he says.

Ollie Jerome, head of European FX product at Deutsche Bank, adds, “Our new relationship with FXSpotStream is consistent with our strategy of providing liquidity to the market and our clients across all relevant venues. As the FX ecosystem continues to evolve, we are keen to benefit from the existing efficiencies that FXSpotStream affords banks, as well as future opportunities to help us mitigate the transactional cost of liquidity provision and servicing clients. At Deutsche Bank, we are committed to innovation, efficiency and transparency, and we are confident that the partnership with FXSpotStream supports those objectives.”