LoopFX has officially launched as a live FX liquidity network, successfully matching clients’ trades within State Street’s FX Connect, the market-leading execution platform.

In a market first, LoopFX has proven that its technology performs reliably in live trading conditions, with clients executing real market risk through its integrated dark pool.

FX is the world’s largest financial market, yet finding the right counterparty without revealing trading intent remains a key challenge, particularly for large orders. LoopFX solves this problem by enabling real-time, anonymous, mid-rate matching. This reduces information leakage and improves execution outcomes.

LoopFX is gaining traction among major institutions. Clients already signed include Schroders, Royal London Asset Management, State Street Investment Management and RBC Capital Markets.

Blair Hawthorne, CEO and Founder of LoopFX says: “We have fully executed agreements across 15 asset managers and banks, with many set to match on Loop shortly. We’re especially grateful to State Street’s FX Connect; their support and collaboration have been instrumental in enabling a smooth and timely rollout, we couldn’t have done this without them. With strong early adoption and growing momentum, we are well-positioned to accelerate our growth in the institutional FX market.”

Greg Fortuna, Head of GlobalLINK at State Street, says: “Integrating LoopFX into our FX Connect platform enhances our clients’ ability to access mid-market liquidity efficiently and securely. This collaboration supports our broader goal of delivering seamless execution workflows that help clients manage large FX trades with greater precision and reduced market impact.”

Neil McClements, Head of EMEA Multi-Asset eSales, RBC Capital Markets, adds: “We are delighted to partner with LoopFX to bring our clients enhanced liquidity in the FX dark pool space. This collaboration reinforces our commitment to innovation in FX trading, enabling clients to execute larger trades with reduced market impact.”

Gordon Noonan, Head of FX Trading, Schroders, comments: “It’s great to see both banks and asset managers engaging early with a solution like LoopFX. Collaboration across the industry is key to building a healthier, more efficient market structure. The ability to match offsetting interest at mid, with minimal market impact, is valuable – and having that workflow embedded within FX Connect makes it easy to access.”

Mark Jenkins, Senior Fixed Income and Derivatives Trader, Royal London Asset Management, says: “LoopFX is a sensible step forward. It gives us another way to access liquidity without broadcasting our intent, and having it sit inside FX Connect keeps things simple. It’s good to see the market coming together – banks, platforms, asset managers – to build tools that work for practitioners.”

Jamie Smith, Senior FX Dealer, State Street Investment Management, adds: “LoopFX provides an additional execution path for large FX trades, helping to minimise signalling risk while maintaining workflow continuity within FX Connect. The ability to match offsetting interest at mid-rate is a valuable enhancement to our trading toolkit.”

LoopFX is an independent enterprise supported by a strong capital foundation, including a £2.6 million investment from Augmentum Fintech Plc.

LoopFX benefits from the guidance of a Board comprising John Sievwright (Chairman of Burford and Board member of Revolut), Martin Gilbert (Chairman of Revolut and Founder of Aberdeen Asset), Tim Levene (Founder and CEO of Augmentum), Ivan Ritossa (former senior executive at Barclays Capital), Mike Soutar (entrepreneur and Member of the Government’s Board of Trade), and Tim Ewington (co-founder of Shortlist Media).

Source: LoopFX: