Forex News: Morgan Stanley, MetaTrader, Euro


morgan-stanley-360x182FX SpotStream adds Morgan Stanley on FX Liquidity

FX SpotStream LLC has announced that Morgan Stanley was added to the liquidity available from FXSpotStream’s existing liquidity providers, which include BofA Merrill Lynch, Citi, Commerzbank AG, Goldman Sachs, HSBC and J.P. Morgan. Banks connected to FXSpotStream serve as liquidity suppliers to customers. FXSpotStream functions as a market utility, giving the infrastructure that facilitates the multibank API and associated routing mechanism to route trades from clients to liquidity providers.

“The addition of Morgan Stanley as a liquidity provider is further testament to the compelling value proposition offered by FXSpotStream to its clients and liquidity providing banks. We are extremely gratified with the development of our service offering to date, which is now live and supporting trading globally”, declared Alan F. Schwarz, CEO of FX SpotStream

MetaTrader adds FXstreet Data to the list of integrated feed providers

MetaTrader has released that it has integrated data from FXstreet that will be made available on its MetaTrader 4 & 5 platforms. The data has FXstreet’s news and trading analysis. According to FXStreet, the collaboration is the first that has been announce since Forex Magnates reported earlier this month that founder Francesc Riverola was stepping down from his CEO role to focus on non-core projects for FXstreet.

Euro down again 

The euro fell has declined against the American currency for a second consecutive week as a result of uncertanty on whether Spain will be able to boost its economy with the recent bailout. European governments have put a 100 billion-euro credit line for Spain’s banking sector. When the bell closed, the Euro was traded at US $1.2960. “There’s still a lot of questions about Spain, mainly related to whether or not it would seek a bailout,” told Reuters Brian Kim, currency strategist at RBS Securities in Stamford, Connecticut.