State Street Embed LoopFX’s Matching Engine Into FX Connect platform

12/09/2023

LoopFX’s innovative matching engine technology will be integrated into FX Connect’s trading screens this year, following the signing of a deal between the two companies. This will allow FX Connect’s users to access LoopFX’s dark pool of liquidity within their existing workflows and match trades at an independent mid-market rate.

LoopFX is designed to improve executional outcomes by allowing buyside traders to silently match large offsetting orders (>$10m) against other institutions and bank axes. Loop identifies the best match available in the market without information leakage, and within pre-existing legal documentation.

LoopFX is led by ex-currency dealer Blair Hawthorne and backed by some of the UK’s best known investors and entrepreneurs.

Blair comments: “We are delighted that our first big integration agreement is with FX Connect. I know as a practitioner what a powerful trading platform it is. Embedding LoopFX into FX Connect’s existing trading screens will make accessing our matching engine a seamless process for FX traders globally."

“We’ve been working with the FX Connect team for many months and we couldn’t wish for better partners than Kate Lowe, the Head of GlobalLinkFX at State Street and her team.”

The full FX Connect press release is here