New venture, LoopFX, unveils Foreign Exchange (FX) Liquidity Network

New venture, LoopFX, unveils Foreign Exchange (FX) Liquidity Network

In the heart of London, a new player has entered the foreign exchange (FX) market with a unique proposition. LoopFX, a live FX liquidity network, specializes in matching large outright FX spot trades anonymously and at the mid-market rate [1][2][3].

The key innovation of LoopFX lies in its ability to enable real-time, anonymous, mid-rate trade matching, significantly reducing information leakage—the risk that large trade intentions become known and thus move market prices against the trader. By matching large FX trades (typically above $10 million) at mid-point prices without revealing identities or intentions, LoopFX minimizes market impact and improves execution outcomes for asset managers and banks [1][3][4].

LoopFX's technology is seamlessly integrated with State Street's FX Connect, a market-leading execution platform, enhancing clients' ability to access mid-market liquidity efficiently and securely [2][3][4]. This integration ensures that clients can use the platform within their existing workflows, making it easier to adopt without added operational complexity.

The platform has quickly gained traction, attracting 15 major institutional clients, including Schroders, Royal London Asset Management, State Street Investment Management, and RBC Capital Markets, signalling strong early adoption in the institutional FX space [1][2][3][4].

The Board of LoopFX is composed of experienced professionals who have held senior positions at companies like Barclays Capital, Revolut, Aberdeen Asset, and Shortlist Media. Notable members include Martin Gilbert, Chairman of Revolut and Founder of Aberdeen Asset, Tim Ewington, co-founder of Shortlist Media, John Sievwright, Chairman of Burford and Board member of Revolut, and Ivan Ritossa, former senior executive at Barclays Capital. Other members include Tim Levene, Founder and CEO of Augmentum, and Mike Soutar, entrepreneur and Member of the Government's Board of Trade [1][2][3][4].

LoopFX recently secured a £2.6 million investment from Augmentum Fintech Plc, further strengthening its capital foundation [5]. Blair Hawthorne, CEO and Founder of LoopFX, states that the company has agreements with 15 asset managers and banks [6].

With its innovative technology and strong support from major institutions, LoopFX is poised to revolutionize the FX trading landscape, offering a secure, anonymous, real-time mid-point FX liquidity network that leads to reduced market impact, improved pricing, and streamlined execution for large FX trades [1][2][3][4].

[1] https://www.loopfx.com/ [2] https://www.fx-markets.com/news/loopfx-launches-dark-pool-for-fx-trading-107696 [3] https://www.thetradenews.com/news/market-structure/2021/loopfx-launches-dark-pool-for-fx-trading-107696 [4] https://www.finextra.com/newsarticle/37812/loopfx-launches-dark-pool-for-forex-trading [5] https://www.finextra.com/pressrelease/7624/augmentum-fintech-invests-in-loopfx [6] https://www.finextra.com/pressrelease/7624/augmentum-fintech-invests-in-loopfx

1. The fintech startup LoopFX, positioned in the heart of London, has entered the foreign exchange (FX) market, offering a unique proposition that involves real-time, anonymous, mid-rate trade matching for large outright FX spot trades.
2. LoopFX's technology, seamlessly integrated with State Street's FX Connect, has attracted 15 major institutional clients in the industry, including prominent names like Schroders and RBC Capital Markets, signalling strong early adoption in the institutional FX space.
3. The LoopFX Board, comprised of seasoned professionals with extensive experience in finance, business, and technology, includes Martin Gilbert, tim Ewington, John Sievwright, Ivan Ritossa, Tim Levene, and Mike Soutar.
4. LoopFX recently secured a £2.6 million investment from Augmentum Fintech Plc, a significant step that further strengthens the company's capital foundation.
5. With its innovative fintech approach, LoopFX aspires to revolutionize the FX trading landscape, offering a secure, anonymous, real-time mid-point FX liquidity network that promotes reduced market impact, improved pricing, and streamlined execution for large FX trades.

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