BNY Joins FXSpotStream As 19th Liquidity Provider

Foreign exchange trading service FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, has added BNY as its 19th liquidity provider. The move expands the service’s pool of global banks available to clients on a no-cost-to-takers basis.

BNY joins an existing line-up that includes ANZ, Bank of America, Barclays, BNP Paribas, Citi, Commerzbank, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, MUFG, NatWest, Standard Chartered, State Street, Societe Generale, UBS and Wells Fargo.

Jeff Ward, Chief Executive Officer of FXSpotStream, said the addition strengthens the firm’s offering as trading volumes continue to grow in 2025.

"The addition of BNY broadens the liquidity options available through our Service. In addition, as a leading participant in global FX markets, BNY’s involvement reaffirms our commitment to enhancing market liquidity and providing our clients with greater depth and choice. As 2025 shapes up to be a record-breaking year for FXSpotStream, with volumes continuing to rise, we remain steadfast in our commitment to delivering the best possible Service."

— Jeff Ward, Chief Executive Officer, FXSpotStream

Harry Moumdjian, Head of Sales for Global Markets Trading at BNY, said joining the platform is part of the bank’s efforts to expand distribution and improve client access.

"This advancement underscores our commitment to innovation, transparency and scaling our FX distribution capabilities to be more for our clients. By joining our clients on the platform where they operate, we are enhancing accessibility, strengthening our unique market position and driving sustainable growth."

— Harry Moumdjian, Head of Sales for Global Markets Trading, BNY

FXSpotStream is a bank-owned consortium founded in 2011. It offers fully disclosed, multibank, relationship-based trading in foreign exchange and precious metals, supporting ESP and RFS trading protocols as well as access to liquidity provider algo suites.

Clients can connect via GUI or a single API from co-location sites in New York, London and Tokyo, and communicate with all liquidity providers linked to the service. FXSpotStream operates on a model that eliminates execution costs for price takers, with price makers paying a flat fee to provide liquidity.

BNY is a global financial services company providing custody, investment management and related services. As of 30 June 2025, it oversaw $55.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management. The firm, headquartered in New York, operates under the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

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