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In safe hands: What can we expect next from FXSpotStream and its new business model?<br />
always looking to get out and meet<br />
with our clients and LPs face to face.<br />
Your background is technology.<br />
Does that change the focus of the<br />
company moving forward?<br />
THE E-FOREX INTERVIEW<br />
We feel that the level of service that FXSpotStream offers is unrivaled in the FX market<br />
products and continued to grow our USD63.467billion, an increase of<br />
client base, while helping our current 1.85% when compared to the same<br />
clients maximize their efficiency. That period last year. Despite some noise in<br />
is our goal for every year and 20<strong>23</strong> is the media, it has always been business<br />
no different. We have a tremendous as usual for us here at FXSpotStream<br />
offering and I am extremely confident and our volumes reflect that.<br />
that we will continue to build on the<br />
success we have seen over recent years. The energy from within the company<br />
also reflects that, too. Last year was<br />
And how is 20<strong>23</strong> looking as we a great year for everyone here and I<br />
near the end of Q2?<br />
think the team is energized as a result<br />
of that. Our Sales team has been<br />
The momentum from 2022 has more active than ever, with trips to<br />
continued into 20<strong>23</strong>, in a much Switzerland, Amsterdam, South Korea,<br />
less volatile market. Year to date, Singapore, Hong Kong and Dubai<br />
we currently have an ADV of<br />
already in the books this year. We are<br />
I wouldn’t say it changes the focus; our<br />
goal as a company has always been<br />
to provide the best service possible<br />
for our clients and LPs. Obviously,<br />
with any new CEO, there are things<br />
I will value differently, and some<br />
things may change, but the focus<br />
will always remain the same. While<br />
certain changes were set in motion<br />
towards the end of 2022, which<br />
means the company now operates in a<br />
slightly different manner, the day-today<br />
operation, the level of customer<br />
service and performance will only<br />
continue to improve.<br />
From a technology standpoint, we<br />
are in the process of a large scale<br />
migration to a new low-latency<br />
network. This will be our big focus<br />
in 20<strong>23</strong> as we feel it brings the most<br />
value to everyone connected to the<br />
service. We also have several other<br />
proposals that we are in the process of<br />
working through,<br />
You mentioned changes within the<br />
organization, can you elaborate on<br />
that?<br />
We have a tremendous offering and I am extremely confident that we will continue to build on the success we<br />
have seen over recent years.<br />
One big change for us in 20<strong>23</strong> is<br />
obviously the business model. As<br />
the need to maintain, develop and<br />
upgrade our service increases, so<br />
does the need to generate revenue to<br />
reinvest. In the past, FXSpotStream has<br />
operated as a market utility, dividing<br />
our costs equally between liquidity<br />
providers and operating at net zero<br />
profit. The new model will allow us to<br />
generate revenue, which means that<br />
when new opportunities arise, we are<br />
able to invest more heavily, without<br />
the need for intervention from our<br />
board.<br />
38 MAY 20<strong>23</strong> e-FOREX
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