FactSet has announced plans to integrate LoopFX into its advanced multi-asset Execution Management System (EMS), Portware. The integration is going to take place in early 2024, with FactSet embedding LoopFX’s innovative ‘Peer-To-Bank’ matching engine technology directly into the Portware platform.
LoopFX, a key player serving both the buy-side and sell-side, operates by sourcing large block liquidity in a dark pool, effectively eliminating information leakage. The platform utilizes a unique matching system, connecting asset managers and banks at an independent market mid-rate. This approach not only minimizes trading costs but also significantly improves the execution processes for large foreign exchange trades exceeding $10 million.
FactSet’s Portware Platform is famous as an industry-leading Execution Management System utilized by prominent buy-side traders globally. The platform facilitates the analysis, communication, and execution of orders with diverse market participants and liquidity destinations through highly efficient, customized, and automated workflows.
FactSet & LoopFX- New Plans to Integrate!
Chris Matsko, Head of Foreign Exchange Trading Services at FactSet, expressed enthusiasm about the integration. He stated, “We are happy to announce the integration of LoopFX into FactSet’s Portware Platform. 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.”
LoopFX’s Founder and CEO, Blair Hawthorne, echoed the sentiment, stating, “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.”
The collaboration between LoopFX and FactSet is going to offer FactSet’s clients seamless access to LoopFX’s capabilities directly on their trading screens, streamlining workflows and providing enhanced options for executing large FX trades. This integration reinforces FactSet’s commitment to delivering cutting-edge solutions and further solidifies Portware’s position as a go-to platform for buy-side traders seeking efficient and sophisticated EMS capabilities.
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