FXSpotStream, the multi-bank forex aggregator service for spot forex trading, announced the global rollout of a new low-latency architecture on Wednesday. According to the press release, the infrastructure aims to improve the company’s market data processing times.
The announcement indicated that this deployment is taking place in New York. It will include a complete overhaul of the existing infrastructure of liquidity providers and FXSpotStream clients. “We have grown exponentially since our launch in 2011, becoming the third largest forex service by volume with ADV this year at $48.5 billion. At the same time, we have placed great importance on the speed and quality of our market data distribution. Our goal is to provide our clients as well as the providers of Liquidity with best-in-class infrastructure and prioritizing service performance and reliability in the same way we showcase our deep-seated products.” Alan Schwartz, Co-Founder and CEO of FXSpotStream, said ensuring our clients receive pricing and the ability to send orders in a timely manner is critical.
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The executive noted that the execution of the structure will see improvement in times after setting a time limit to provide a level of consistency in performance during periods of high market volatility. “As we look into the next decade, we remain very optimistic about our business. We recently launched our API support for all of our banks’ affiliate functions and supported customizations. In just two months since we launched our Algo offering, we’ve already supported 3.2 billion He added that work is underway to add a graphical user interface to support Algos and Allocations and is expected to be operational by the late first quarter of 2022.
Recent FXSpotStream Metrics
On October 1, FXSpotStream reported that its total year-over-year volume crossed the $1 trillion mark for the fifth time in 2021. In fact, total trading volume reached $1.06 trillion in September, with an average daily volume (ADV) of $48.353 billion. , an increase of 16.9% month-on-month.