e-Forex-May-23

THE e-FOREX INTERVIEW
FXSpotStream has always had a unique offering for clients and LPs
with a number of clients where, after
adding a particular product, it opened
the door for them to migrate all their
business over to FSS.
There is continued work on algos
however, as banks fine tune their
offering. We are constantly working
with our LPs to ensure that we
support the most up-to-date algos and
features.
Has the focus shifted away from
algos now?
We are always looking to help clients
and LPs maximize their efficiency.
If we feel that there is a particular
client that would benefit from algos,
or a particular bank’s algos, as with
all products, we are always happy to
make an introduction. Our dedicated
Sales and Relationship Management
teams take a hands-on approach with
clients and LPs, maintaining open and
regular communication.
I would not say we have shifted
our focus away from algos, we are
constantly working to add new LP
algos as they are launched, and
support the products needed – one
example being the recent interest
surrounding NDF algos – but we are
now placing a strong emphasis on our
new low-latency architecture project.
This has been a long-standing project
that we were very excited to roll out.
After migrating all LPs, along with
a sample of smaller clients, we are
extremely happy with the market
data we have received. Clients are
seeing market data latency times that
are really outperforming where we
expected them to be and, while we
are still working on the max latency
times we are looking to deliver, the
initial reaction from clients has been
very positive and they are excited
about the results they have seen so
far.
While we wrap up the market data
side of the project, work is already
underway on the orders aspect and
MAY 2023 e-FOREX 41