State Street's Market Leading FX Execution Venue, FX Connect, Bags Deal with LoopFX
Portfolio Pulse from Benzinga Newsdesk
State Street Corporation (NYSE:STT) has announced a collaboration with LoopFX through its FX Connect platform. LoopFX is creating a new liquidity venue for large spot FX trades by centralizing peer-to-peer matching with bank interest. This is LoopFX's first major integration to an FX trading platform.
September 12, 2023 | 7:05 am
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State Street Corporation's collaboration with LoopFX through its FX Connect platform could potentially increase its market share in the FX trading space.
The collaboration with LoopFX could potentially increase State Street's market share in the FX trading space by providing a new liquidity venue for large spot FX trades. This could attract more traders to use the FX Connect platform, thereby increasing its revenues.
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