FXSpotStream (FSS) is a multi-bank portal with access to multiple bank liquidity providers (LPs). Liquidity may be aggregated according to the following workflows and modes:
Please refer to Supported Instruments to view across all venues.
NOTE: FSS does not support Term currency limit orders.
Please refer to PartyIDs to view across all venues.
Please refer to Regulatory Fields to view across all venues.
Please refer to Passthru Fields to view across all venues.
Formal certification testing should only be performed in the FSS UAT environment, which is integrated with the individual LP's own UAT systems and accurately reflects PROD. The FSS SIM environment is intended for technical integration only and uses mock/simulator implementations which do not necessarily reflect real-world LP functionality. Problems may occasionally be observed in SIM, including:
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Both Sweepable and FullAmount trading is supported:
In the FSS SIM environment, this is configured using the Sweepable:
FullAmount:
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FSS 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. NoQuoteEntries will only have BidPx or OfferPx per QuoteEntry and sorted by best price.
For RFS, Clients will either receive Quotes or MassQuotes depending on the number of LP's:
QuoteRequest contains NoPartyIDs group with single PartyRole ExecutionVenue with PartyID populated with a LP. Clients will receive Quote message from requested LP.QuoteRequest contains NoPartyIDs group with multiple PartyRole ExecutionVenues with PartyIDs populated with LPs. Clients will receive MassQuote messages with each LP as a QuoteEntry.QuoteRequest does not contain PartyRole ExecutionVenue in NoPartyIDs. Clients will subscribe to all available LPs and they will receive MassQuote messages with each LP as a QuoteEntry.The supported LPs are:
| LP | PartyID (MIC) | FSS ID |
|---|---|---|
| ANZ Bank | ANZL | ANZA |
| Bank of America | BAML | BAML |
| Barclays | BARX | BARX |
| BNP Paribas | BNPS | BNP |
| BNY | BKLF | BNYM |
| Citi | CGMI | CITI |
| CommerzBank | CBKA | COBA |
| Deutsche Bank | DBAG | DBES |
| Goldman Sachs | GSCO | GS |
| HSBC | HSBC | HSBC |
| JPMorgan Chase | JPSI | JPMC |
| Morgan Stanley | MSAX | MS |
| MUFG Bank | MUTI | BTMU |
| NatWest Markets | NWMS | NWM |
| Societe Generale | XSGA | SGSP |
| Standard Chartered | STAN | SCB |
| State Street | SSBI | STS |
| UBS | UBSG | UBS |
| Wells Fargo* | WFLB | WFNA |
* Wells Fargo currently offer ESP only.
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| |
Multi Allocations are supported by FSS for ESP, RFS and Orders:
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The values required by FSS are dependent on the target FxSpotStream Regulatory fields.xlsx describes all regulatory fields that are supported, and which NOTE: FSS supports both MiFID and EMIR regulatory regimes.
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