LoopFX to Be Integrated Into FactSet's FX EMS Portware

LoopFX, a new liquidity pool for large FX trades, and financial digital platform FactSet have joined forces to integrate LoopFX into FactSet's FX execution management system (EMS), Portware, in early 2024.

LoopFX provides new trading opportunities, facilitating Peer-To-Peer-To-Bank which reduces unnecessary information leakage around large trades. Besides, it can help reduce trading costs and improve execution processes for large FX trades, through matching asset managers and banks at an independent market mid-rate.

FactSet, which is renowned for its market-leading data, analytics, and innovative technology solutions, will embed LoopFX's matching engine technology into Portware. This integration delivers FactSet's clients easy access to LoopFX functionality within their existing workflows directly on their trading screen.

"We are pleased to announce the integration of LoopFX into FactSet's Portware Platform," said Chris Matsko, Head of Foreign Exchange Trading Services at FactSet. "This announcement showcases FactSet's dedication to enhancing our products by working with innovative solutions that provide the best possible outcomes to our valued clients."

Blair Hawthorne, Founder and CEO of LoopFX, said, "We are delighted to partner with another global award-winning FX industry-leading platform. Portware is a trusted hub for some of the world’s largest asset managers whose clients now have direct access to LoopFX functionality within their preferred workflows."