StoneX Unveils New Platform to Increase Loan Market Efficacy

StoneX has launched a new platform – StoneX LoanMatch – aimed at increasing the efficacy of the loan market. According to a story in The Trade news, the offering will provide increased transparency and liquidity, as well as lower transaction costs. Institutional clients and banks will be able to access liquidity efficiently and securely through participating in open matching sessions, buying and selling orders at a specified mid-price – set by StoneX. The platform’s key features include: access to a large pool of liquidity, conflict-free trading, transparent costs, market transparency, accurate pricing and ‘efficient’ settlement. In addition, users are ensured anonymity when it comes to trade direction and amount until execution. Post-trade, only StoneX, acting as the principal, will know the client’s identity. “Importantly, clients can do this without revealing their identity, the direction of their trade, or order size, ensuring complete anonymity and confidentiality up until the point of execution.  Trades are executed with a pre-agreed transaction cost, providing clear and transparent pricing for all participants,” explained StoneX.