State Street has entered into an agreement to make the LoopFX functionality available through FX Connect, part of the GlobalLink suite of e-trading platforms, technology and workflow solutions. LoopFX is creating a new liquidity venue for large spot FX trades by centralising peer-to-peer matching with bank interest. This will enable traders to identify, in real-time, matches of large trades in excess of USD10m with other buyside institutions, while providing banks a secure channel to show their market axes. The integration with FX Connect is LoopFX’s first major integration with an FX trading platform.
