Technology company LoopFX has announced that the pilot phase for its peer-to-peer foreign exchange (FX) trading venue will launch in December 2022. A full launch is planned for H2 2023.
LoopFX says that their platform will reduce both risk and cost for users, with its integration capabilities meaning that little legal documentation alteration will be required.
The company calls the platform a peer-to-peer-to-bank model, which allows traders to identify matches of trades with other buy-side firms and lets banks securely provide their market axes.
LoopFX will be able to match trades of more than US$10 million in real-time, at an independent market mid-rate.
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