LoopFX and LSEG expand institutional FX connectivity
The integration will give FXall’s global client base access to LoopFX’s liquidity pool directly within their existing trading workflow.
The integration will give FXall’s global client base access to LoopFX’s liquidity pool directly within their existing trading workflow.
The trades are facilitated within State Street’s GlobalLINK FX Connect platform; solution allows asset managers to directly match trades with each other while still operating within their existing execution channels.
The live offering has already had 15 asset managers and banks executing agreements on the network, with more set to follow.
New development will see FlexTrade’s FX clients gain access to the LoopFX venue within the FlexFX order blotter.
LoopFX’s ‘peer-to-bank’ matching engine technology is set to be embedded directly into FactSet’s EMS, Portware.
The pilot phase will come to market next month with a full launch expected in the second half of next year.