FlexTrade Systems and LoopFX have integrated in a bid to enhance the breadth of actionable liquidity options available when executing large FX trades via LoopFX, within the FlexFX order blotter.
Uday Chebrolu, FlexTrade
LoopFX is a liquidity venue which offers dark mid-point matching for asset managers and banks, specialising in large trades in excess of $10 million.
Meanwhile, FlexTrade’s FlexFX solution can be deployed as a standalone solution or as a fully integrated component within FlexTrade’s multi-asset execution management system, FlexTRADER EMS.
“The FX space is continually evolving, with innovative new solutions emerging that can positively impact trading efficiency and performance,” said Uday Chebrolu, head of FX and digital assets at FlexTrade Systems.
“Integrating LoopFX into our platform gives our clients using FlexFX access to liquidity for large FX trades, enabling them to optimise their execution process while minimising market impact.”
The new initiative from the two firms will enable mutual clients to access LoopFX’s matching functionality within their existing workflows in FlexFX.
In addition, asset managers are able to send orders directly from the FlexFX order blotter to LoopFX, with no development work or changes to their workflows.
The data available within FlexFX can also add value through sending trading performance data to FlexTrade’s transaction cost analysis tool, FlexTCA, to perform analysis to optimise execution quality.
The business added that it plans to expand the integration further, combining FlexFX’s automation capabilities with LoopFX.
“FlexTrade continues to show a client-first approach by providing its growing client base with direct access to LoopFX functionality within its existing workflows,” said Blair Hawthorne, founder and chief executive of LoopFX.