LoopFX is a financial technology company that provides real-time deal matching solutions for foreign exchange (FX) traders, designed to improve best execution processes and fit within existing workflows without the need for new legal arrangements.

LoopFX

👉 Why > LoopFX was created to enable FX traders to identify the best counterparty to trade with in real time without information leakage. 

👉 What > LoopFX is a Dark Pool for large spot FX trades (>$10mln), combining Asset Manager Axes and Bank Axes, allowing participants to execute trades discreetly reducing their execution costs materially. 

👉 How > Users access LoopFX through existing trading platforms, requiring zero integration work for Asset Managers.

Exciting news hot off the press this morning..! 

👉 LoopFX announces a fresh round of funding with Augmentum Fintech, Europe’s leading publicly listed fintech fund, which has taken a £2.6mln stake in the business. 

👉 Augmentum is the first institutional investor in LoopFX, and its investment follows the integration of LoopFX’s ‘Peer-To-Bank’ matching technology into leading forex platforms - State Street’s FX Connect and FactSet’s Portware.

👉 We are also proud to announce that Augmentum CEO Tim Levene will be joining the LoopFX Board which is chaired by John Sievwright and includes experienced financial services entrepreneurs Martin Gilbert, Mike Soutar, Tim Ewington and Ivan Ritossa. 

👉 Blair comments: “As our first institutional investor, Augmentum’s experience and network will be strategically vital for LoopFX as we move towards launch. Their investment will allow us to build our team and accelerate our capability to meet the needs of our customers.”

Link to the press release is available below.. 👇 👊 

https://lnkd.in/eCuQHT9c

Blair spoke with Lauren McAughtry as part of a new series of articles for Global Trading focusing on market practitioners' backgrounds and how this influenced their careers in trading. It started with sibling rivalry.. It was Blair’s big brother Craig that showed him how the pieces move.. Then it was a polar bear tagging chess coach called Mrs. Steyn who taught him the values that helped create LoopFX. It’s a great read with some personal anecdotes - enjoy below…! 👇

Exciting news just announced this morning! 
 
LoopFX & Portware, a FactSet Company, today announce plans to integrate LoopFX into FactSet's Foreign Exchange execution management system in early 2024.
 
Renowned for its market-leading data, analytics, and innovative technology solutions, FactSet will embed LoopFX's ground-breaking ‘Peer-To-Bank’ matching engine technology into Portware, providing FactSet’s clients easy access within their existing workflows directly on their trading screen. 
 
LoopFX serves both the buy-side and sell-side by sourcing large block liquidity in a dark pool, eliminating information leakage. Matching asset managers and banks at an independent market mid-rate, LoopFX reduces trading costs and improves execution processes for large FX trades in excess of $10m.
 
Blair comments: “We are delighted to partner with another global award-winning FX industry-leading platform on this innovative and client-led idea. Portware is a trusted hub for some of the world’s largest asset managers whose clients now have direct access to LoopFX functionality within their preferred workflows.”
 
“Our open architecture makes it easy for clients to use and access LoopFX. Establishing cross market support is essential for a good user experience and the end benefit for our partners."
 
The full LoopFX & FactSet press release is available below 👇 
 
https://lnkd.in/gMsaAp5p
 
This is one of many exciting announcements for LoopFX in the coming months -  watch this space! 👍 👇 

#fx #fxtrading #peertobank #loopfx

Exciting News! 🚀

We're thrilled to welcome Oliver Jerome to our Board at LoopFX! 

Ollie has been at the forefront of innovation in the market for years. His expertise will be instrumental in driving our future success.

Have a read below..! 👇 👍 

https://lnkd.in/eAN5VMnn

You’d never guess it from the angelic look on his face in this picture, but that innocent young man in the centre of the photo has grown up to be LoopFX Founder and CEO Blair Hawthorne.

Even aged 12, he was fiercely competitive and ambitious. On our website this week, Blair writes about the surprising comparisons between his lifelong love of chess and the fundamentals that drive the thinking behind LoopFX 👇 

#peertopeertobank 💪 #fxtrading 👍 

https://lnkd.in/evmUn2ZA

Exciting news just announced this morning! 

State Street agrees to integrate the LoopFX matching engine into FX Connect..!

LoopFX’s innovative matching engine will be integrated into FX Connect’s trading screens this year, following the agreement 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 available matches 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 will make accessing our matching engine a seamless process for FX traders globally.

“We’ve been working with the FXConnect 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 State Street press release is available below:

https://lnkd.in/eW2vK2EN

#fxtrading #PeertoPeertoBank #fxmarkets  #ttfx #tradetechfx

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