Workflow

Taker ESP or Taker RFS.

FXSpotStream is a connectivity provider with access to multiple bank liquidity providers (LPs).

Supported Instruments



Please refer to Supported Instruments to view across all venues.

PartyIDs



Please refer to PartyIDs to view across all venues.

Regulatory Fields



Please refer to Regulatory Fields to view across all venues.

Passthru Fields



Please refer to Passthru Fields to view across all venues.

Details

LP selection

Fxspotstream supports both Bilateral Quote negotiation and Basket functionality where Quote messages are received from multiple providers. 

The client can specify which LPs to receive quotes from by populating the QuoteRequest NoPartyIDs with PartyRole ExecutionVenue. Multiple LPs are supported for both ESP and RFS. 

For ESP Clients will always receive MassQuotes.

For RFS, Clients will either receive Quotes or MassQuotes depending on the number of LP's:

The supported LPs are:

LPPartyID (MIC)FSS ID
ANZ BankANZLANZA
Bank of AmericaBAMLBAML
BarclaysBARXBARX
BNP ParibasBNPSBNP
MUFG BankMUTIBTMU
CitiCGMICITI
CommerzBankCBKATRY
Deutsche BankDBAGDBES
Goldman SachsGSCOGS
HSBCHSBCHSBC
JPMorgan ChaseJPSIJPMC
Morgan StanleyMSAXMS
NatWest MarketsNWMSNMW
Standard CharteredSTANSCB
Societe GeneraleXSGAIASB
State StreetSSBISTS
UBSUBSGUBS
Wells Fargo*WFLBWFNA

* Wells Fargo's liquidity is available only on the ESP workflow. Wells Fargo's liquidity on RFS is a work in progress.


Example: 

8=FIXT.1.1|9=423|35=R|1129=5 18444 1179469389 189|34=603|49=CL_dev-fxspotstream-pricing|56=MF_dev-fxspotstream-pricing|52=20200723-17:30:50.905000000|20003=N N|20004=N|60=20200723-18:30:50.905000000|131=qr_2/ftY4_1595525350490|2115=101|55=EUR/USD|167=1|20021=N N N N|453=2|452=11|448=testTrader|452=73|448=CGMI|555=1|609=1|624=1|556=EUR|685=1000000|587=28|670=1|671=testAccount|672=1|673=1000000|58=testText|10=000|


Note: not all LPs are supported in the FSS simulator environment, and detailed behaviour may occasionally be incorrect.


Multi Allocations are supported for fxspotstream for both ESP and RFS. Multi Allocations are only supported for full amount orders on ESP. For RFS, the QuoteRequst and NewOrderMultileg must have exactly the same allocations, otherwise venue will reject.

Regulatory Detail

The values required by FxSpotstream are dependent on the target ExecutionVenue

FxSpotStream Regulatory fields.xlsx describes all regulatory fields that are supported, and which ExecutionVenue requires the field. "Other" column means that this field is used by no ExecutionVenue in particular.

NOTE: FXSpotStream supports both MiFID and EMIR regulatory regimes.

Given that LPs have changing requirements, we recommend that you implement sending this data regardless of the LP.