LoopFX launches world’s first bank-facilitated peer-to-peer FX trading solution
LoopFX has announced the launch of the world’s first bank-facilitated peer-to-peer FX trading solution for institutional investors. The first trades were completed within State Street’s GlobalLINK FX Connect platform, matched via RBC Capital Markets. It’s an industry first in one of the world’s largest and most important financial markets.
The solution lets asset managers match FX trades directly with one another, while still operating entirely within existing bank relationships, workflows and legal documentation. That means reduced market impact, better execution quality and a new source of liquidity, without changing how clients trade or requiring any development work.
LoopFX continues to show how thoughtful innovation can improve the efficiency, transparency and resilience of institutional financial markets.
Congratulations to Blair and the wider team on this milestone. We’re looking forward to seeing LoopFX continue to redefine what’s possible in institutional FX.