Banks eye cost cuts ahead of RateStream Treasuries push
FX SpotStream’s move into rates seen as both fee-saver and potential boost to streaming execution
Dealers believe FX SpotStream’s entry into the US Treasury market will make a significant impact amid what they see as a continuing shift towards stream-based execution.
The bank consortium-owned foreign exchange spot venue is set to begin offering direct streaming of Treasuries later this year in the dealer-to-client market.
The main selling point of the new service, called RateStream, is its
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