LoopFX and FactSet today announce plans to integrate LoopFX into FactSet’s forex execution management system, Portware, in early 2024.
FactSet will integrate LoopFX’s “Peer-to-Bank” engine matching technology into Portware, giving FactSet clients easy access to their existing workflows directly on their trading screen.
LoopFX serves both the buy-side and the sell-side, supplying large block liquidity to a dark pool, eliminating information leakage. By matching asset managers and banks to an independent mid-rate market, LoopFX lowers transaction costs and improves execution processes for large forex trades over $10 million.
FactSet’s Portware platform is an advanced multi-asset Execution Management System (EMS) used by leading market-side traders around the world. Portware enables traders to analyze, communicate and execute orders with different market participants and liquidity destinations through highly efficient, customized and automated workflows.
“We are pleased to announce the integration of LoopFX into FactSet’s Portware platform,” said Chris Matsko, Head of FX Trading Services at FactSet. “This announcement demonstrates FactSet’s dedication to improving our products by partnering with innovative solutions that deliver the best possible results to our valued customers.”
Blair Hawthorne, Founder and CEO of LoopFX, says: “We are delighted to partner with another globally award-winning, industry-leading FX platform. Portware is a trusted hub for some of the world’s largest asset managers whose customers now have instant access to LoopFX functionality within their preferred workflows.”