LoopFX launches as live FX liquidity network integrated with State Street’s FX Connect

LoopFX has launched as a live FX liquidity network, allowing clients’ trades to be matched within State Street’s execution platform, FX Connect.  

Blair Hawthorne

The offering is set to address obstacles within the FX market surrounding counterparty selection and information leakage, by providing real-time, anonymous, mid-rate matching to allow institutional clients to execute larger trades with reduced market impact.   

Currently, 15 asset managers and banks have already executed agreements on the network, including Schroders, Royal London Asset Management, State Street Investment Management and RBC Capital Markets, with more expected to follow soon. 

Blair Hawthorne, chief executive and founder of LoopFX said: We’re especially grateful to State Street’s FX Connect; their support and collaboration have been instrumental in enabling a smooth and timely rollout, we couldn’t have done this without them. With strong early adoption and growing momentum, we are well-positioned to accelerate our growth in the institutional FX market.”  

Through integrating the new network with FX Connect, the offering is also expected to provide easy accessibility for clients and maintain workflow continuity. 

“Integrating LoopFX into our FX Connect platform enhances our clients’ ability to access mid-market liquidity efficiently and securely,” said Greg Fortuna, head of GlobalLink at State Street. 

“This collaboration supports our broader goal of delivering seamless execution workflows that help clients manage large FX trades with greater precision and reduced market impact.”  

Specifically, LoopFX is a liquidity venue which provides dark mid-point matching for asset managers and banks, specialising in large trades in excess of $10 million.  

In June 2024, fintech fund Augmentum announced a £2.6 million investment in LoopFX, to support the firm’s trading and price discovery innovations into the FX markets.  

Additionally, LoopFX and FlexTrade Systems announced an integration in February 2025 in a bid to enhance the breadth of actionable liquidity options available when executing large FX trades via LoopFX, within the FlexFX order blotter. 

Source link

Visited 1 times, 1 visit(s) today

Related Article

US tech titan earnings rise on AI as economy roils

Amazon Web Services, the cloud computing division at the e-commerce giant helped power quarterly earnings that beat market expectations (RONNY HARTMANN) Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by US tariffs. “Massive results seen by Microsoft and Meta further

1 August 2025
Microsoft app with market backdrop

Microsoft hits $4 trillion market cap, joins Nvidia in exclusive club

Angelo Zino, a CFRA Research senior equity analyst, discusses the performance of Microsoft, Meta and the overall tech sector in the markets, the Federal Reserve’s rate decision and Q2 GDP growth. Microsoft touched $4 trillion in market cap Thursday, joining Nvidia as the only two companies to reach this level.  Ticker Security Last Change Change

1 August 2025
Figma shares surge in NYSE debut

Figma’s top VCs sitting on $20 billion in stock after IPO pop

Figma Inc. signage during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 31, 2025. Michael Nagle | Bloomberg | Getty Images You can almost smell the bubbly wafting across Silicon Valley. Following Figma’s blockbuster market debut on Thursday, four of the most iconic

1 August 2025
A group of $100 bills fanned out on a light blue background.

The Best Stocks to Invest $50,000 in Right Now

Here’s one way to build a portfolio. A well-diversified portfolio should have more than two dozen stocks, across multiple sectors. That’s the best way to ensure a shot at long-term results that beat the market. However, what if an investor — for whatever reason — could only own three stocks? Would it be possible to

31 July 2025
Kulina: Zuckerberg’s laser-focused on AI and building an all-star team

Meta, Microsoft stocks rise on strong earnings and AI spending boom

META CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella. Getty Images Shares of Meta soared 12% and Microsoft popped 5% on Thursday, after the companies reported better-than-expected earnings that beat on top and bottom lines. Microsoft topped the $4 trillion market cap benchmark with the move, joining Nvidia in the club. Both Meta and

31 July 2025
IT workers inside of a data center.

Is Nebius Stock A Buy Before Aug. 7?

Nebius is scheduled to report second-quarter earnings on Aug. 7. Throughout 2025, a number of data center stocks have emerged beyond the incumbent players such as Nvidia and Advanced Micro Devices. One company that’s witnessed a significant rise in popularity is neocloud provider Nebius Group (NBIS 5.78%). Nebius is scheduled to report earnings for the

31 July 2025