FlexTrade
Systems has integrated LoopFX’s dark pool matching capabilities into its
trading platform, enabling institutional clients to execute large foreign
exchange (FX) trades with reduced market impact.
FlexTrade and LoopFX
Integration Targets $10 Million-Plus FX Trades
The
collaboration allows mutual clients to access LoopFX’s matching functionality
directly through FlexTrade’s FlexFX order blotter, specifically targeting
trades exceeding $10 million. The integration requires no additional
development work from clients and maintains existing workflows.
“The
FX space is continually evolving,” said Uday Chebrolu, SVP of FX and
Digital Assets at FlexTrade Systems. “Integrating LoopFX into our platform
gives our clients using FlexFX access to liquidity for large FX trades,
enabling them to optimize their execution process while minimizing market
impact.”
The
partnership leverages LoopFX’s dark mid-point matching system, which
specializes in connecting asset managers and banks for substantial currency
trades. The integration allows clients to send orders directly from the FlexFX
platform while maintaining the ability to analyze trading performance through
FlexTrade’s Transaction Cost Analysis tool, FlexTCA.
FlexTrade
plans to expand the integration by incorporating its FlexAlgoWheel automation
capabilities. This enhancement will enable users to automatically check for
potential matches on LoopFX before executing predefined trading rules.
“We are
delighted to partner with another global, award-winning FX industry-leading
platform,” added Blair Hawthorne,
Founder and CEO of LoopFX. “FlexTrade continues to show a client-first approach by providing its
growing client base with direct access to LoopFX functionality within its
existing workflows.”
FlexTrade
Systems develops multi-asset execution and order management solutions for
financial institutions, leveraging deep client partnerships and
open-architecture technology to support complex trading strategies. In
parallel, LoopFX operates as a liquidity venue for large outright FX trades,
facilitating mid-point matching for asset managers and banks while minimizing
information leakage.
This article was written by Damian Chmiel at www.financemagnates.com.
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