LoopFX Launches FX Liquidity Network, Gains Traction Among Major Institutions
LoopFX has officially launched its FX liquidity network, successfully matching client trades within State Street's FX Connect platform. The technology enables real-time, anonymous, mid-rate matching, addressing key challenges in the FX market, particularly for large orders.
Major institutions such as Schroders, Royal London Asset Management, and RBC Capital Markets have already signed on. LoopFX CEO Blair Hawthorne highlights strong early adoption and collaboration with State Street as key drivers for the platform's smooth rollout.
The FX market, the world's largest financial market, has long struggled with information leakage during large trades. LoopFX's solution reduces this risk while improving execution outcomes, positioning it for accelerated growth in the institutional FX space.