Wells Fargo Becomes a New Liquidity Provider for FXSpotStream's FX Price Streaming Service

FXSpotStream LLC, a subsidiary of LiquidityMatch LLC, announced that Wells Fargo has become the 16th liquidity provider for its FX price streaming service. Wells Fargo follows NatWest, which joined the service last year. It is worth emphasizing that no new entities have joined the company's liquidity pool since 2020.

FXSpotStream provides clients with a liquidity pool through a public, relationship-based trading platform for Forex and precious metals. The platform allows client access through a graphical user interface or application programming interface.

According to Tom San Pietro, FXSpotStream's Chief Technology Officer, the addition of Wells Fargo shows the high level of interest from banks to join as liquidity providers. He said that FXSpotStream's growth, client service, performance, and reliability have made it an appealing platform.

"We are extremely excited to be working with Wells Fargo and adding another high-quality liquidity provider that had been requested by our client base," San Pietro added.

Wells Fargo is now live, providing liquidity to multiple FXSpotStream clients. The bank joins 15 other major financial institutions, including Bank of America, Barclays, BNP Paribas, Citibank, Commerzbank, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley, MUFG, NatWest, Standard Chartered, State Street, Societe Generale and UBS.

The firm operates trading sites in New York, London and Tokyo. The firm's objective is to eliminate execution costs for price takers while enabling price makers to reach customers on a flat fee basis.

(Source: Finance Magnates)