LoopFX Launches as Live FX Liquidity Network Integrated with State Street’s FX Connect

LoopFX has launched as a live FX liquidity network, allowing clients’ trades to be matched within State Street’s execution platform, FX Connect.  The offering is set to address obstacles within the FX market surrounding counterparty selection and information leakage, by providing real-time, anonymous, mid-rate matching to allow institutional clients to execute larger trades with reduced market impact.   Currently, 15 asset managers and banks have already executed agreements on the network.