LoopFX Completes First Bank-Facilitated Peer-to-Peer FX Trades on State Street's Platform

LoopFX has completed the first bank-facilitated peer-to-peer foreign exchange trades within State Street's GlobalLINK FX Connect platform, allowing asset managers to match trades directly with one another while remaining inside their existing institutional execution workflow. The trades were matched through RBC Capital Markets, which maintained its role as intermediary throughout the transaction. The development eliminates the need for buy-side firms to change legal documentation, trading relationships, or operational processes. The capability is expected to roll out to LoopFX's broader client base in late July.
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