NatWest Joins FXSpotStream
Posted by Colin Lambert. Last updated: October 31, 2023
NatWest has become the 16th liquidity provider to join the FXSpotStream service, which recently announced an adjusted pricing plan and the hire of Jeff Ward and its new CEO.
NatWest joins Bank of America, Barclays, BNP Paribas, Citi Commerzbank, Credit Suisse, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, MUFG, Standard Chartered, State Street, Societe Generale and UBS on the service, which also recently adjusted how it reports it FX volumes.
“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,” says FXSpotStream Interim CEO, Tom San Pietro. “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 16thliquidity provider available to clients,” he continues. “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 e-FX sales EMEA and APAC at NatWest, adds, “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.”