LoopFX to be integrated into FactSet’s Portware trading platform
January 09 2024 - 1:00AM
Business Wire
LoopFX and FactSet, a global financial digital platform and
enterprise solutions provider, today announce plans to integrate
LoopFX into FactSet's Foreign Exchange execution management system,
Portware, in early 2024.
Renowned for its market-leading data, analytics, and innovative
technology solutions, FactSet will embed LoopFX's ground-breaking
‘Peer-To-Bank’ matching engine technology into Portware, providing
FactSet’s clients easy access within their existing workflows
directly on their trading screen.
LoopFX serves both the buy-side and sell-side by sourcing large
block liquidity in a dark pool, eliminating information leakage.
Matching asset managers and banks at an independent market
mid-rate, LoopFX reduces trading costs and improves execution
processes for large FX trades in excess of $10m.
FactSet’s Portware Platform is an advanced multi-asset Execution
Management System (EMS) used by leading buy-side traders worldwide.
Portware enables traders to analyze, communicate, and execute
orders with diverse 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 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, says, “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.”
About LoopFX
LoopFX is the venue for large spot FX trades, centralising
Peer-To-Peer matching with bank interest, in a model called
Peer-To-Bank.
LoopFX is backed by some of the market’s most experienced
trading and FX executives and entrepreneurs, including John
Sievwright, Martin Gilbert, Ivan Ritossa, Oliver Jerome, Mike
Soutar, and Tim Ewington. The management team is led by Blair
Hawthorne, Tim Johnson, and John Vause, who are highly experienced
in the FX markets across major institutions, including abrdn, CME,
360T, American Express, and State Street.
LoopFX is a registered trademark of Buyside Trading Solutions
Limited, a UK registered company, and its subsidiaries. For more
information visit www.theloopfx.com or contact:
info@theloopfx.com
About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to
see more, think bigger, and work better. Our digital platform and
enterprise solutions deliver financial data, analytics, and open
technology to nearly 8,000 global clients, including almost 190,000
individual users. Clients across the buy-side and sell-side as well
as wealth managers, private equity firms, and corporations achieve
more every day with our comprehensive and connected content,
flexible next-generation workflow solutions, and client-centric
specialized support. As a member of the S&P 500, we are
committed to sustainable growth and have been recognized amongst
the Best Places to Work in 2023 by Glassdoor as a Glassdoor
Employees’ Choice Award winner. Learn more at www.factset.com and
follow us on Twitter and LinkedIn.
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Balls: +44 7775 763018
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