Peer-to-peer FX: How LoopFX aims to be different
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Foreign Exchange

Peer-to-peer FX: How LoopFX aims to be different

Going all out to keep the sell side sweet seems like a sensible strategy for success in the notoriously difficult peer-to-peer FX market.

P2P-digital-iStock-960.jpg
Photo: iStock

Since the emergence of the Napster file-sharing app in the late 1990s, providers have sought to apply the peer-to-peer (P2P) concept to a range of services. In foreign exchange, this has spawned a number of venues and platforms, at least one of which suggested that the concept could become so successful that the big banks would become mere conduits for P2P services.

If a match is found, information leakage and execution costs are reduced. If no match is found, best-execution processes are improved
Blair Hawthorne, LoopFX
Blair-Hawthorne-LoopFX-960.jpg

This scenario might not have come to pass, but that hasn’t prevented new entrants hitting the market at irregular intervals with the promise to do things differently. The latest of these is LoopFX, whose founder and chief executive, Blair Hawthorne, has vowed to transform how large trades are executed.

LoopFX’s focus is on large spot trades ($10 million-plus) that are challenging for asset managers and banks.

“Our


Gift this article