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LoopFX, a Groundbreaking Peer-To-Peer Foreign Exchange Trading Venue, Launches Pilot Phase

Yahoo! Finance


LONDON & NEW YORK, November 01, 2022--(BUSINESS WIRE)--LoopFX, the technology company revolutionising the Peer-To-Peer FX spot market, announces today it will launch its pilot phase in December 2022.

LoopFX aims to be the new liquidity venue for large spot FX trades by centralising Peer-To-Peer matching with bank interest. LoopFX enables traders to identify, in real-time, matches of large trades in excess of $10 million with other buyside institutions, whilst providing banks a new means to safely show their market axes. Matches through LoopFX will execute at an independent market mid-rate, meaning both risk and cost will be reduced. The new model is called Peer-To-Peer-To-Bank.

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