FlexTrade Systems has integrated LoopFX's dark pool matching capabilities into its trading platform, enabling institutional clients to execute large foreign exchange (FX) trades with reduced market impact.

FlexTrade and LoopFX Integration Targets $10 Million-Plus FX Trades

The collaboration allows mutual clients to access LoopFX's matching functionality directly through FlexTrade's FlexFX order blotter, specifically targeting trades exceeding $10 million. The integration requires no additional development work from clients and maintains existing workflows.

"The FX space is continually evolving," said Uday Chebrolu, SVP of FX and Digital Assets at FlexTrade Systems. "Integrating LoopFX into our platform gives our clients using FlexFX access to liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term for large FX trades, enabling them to optimize their execution process while minimizing market impact."

The partnership leverages LoopFX's dark mid-point matching system, which specializes in connecting asset managers and banks for substantial currency trades. The integration allows clients to send orders directly from the FlexFX platform while maintaining the ability to analyze trading performance through FlexTrade's Transaction Cost Analysis tool, FlexTCA.

FlexTrade plans to expand the integration by incorporating its FlexAlgoWheel automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term capabilities. This enhancement will enable users to automatically check for potential matches on LoopFX before executing predefined trading rules.

“We are delighted to partner with another global, award-winning FX industry-leading platform,” added Blair Hawthorne, Founder and CEO of LoopFX. “FlexTrade continues to show a client-first approach by providing its growing client base with direct access to LoopFX functionality within its existing workflows.”

FlexTrade Systems develops multi-asset execution and order management solutions for financial institutions, leveraging deep client partnerships and open-architecture technology to support complex trading strategies. In parallel, LoopFX operates as a liquidity venue for large outright FX trades, facilitating mid-point matching for asset managers and banks while minimizing information leakage.

FlexTrade and Propellant Digital Team Up

In October, FlexTrade joined forces with Propellant Digital, a trading data analytics firm, to deliver pre-trade insights to T. Rowe Price's fixed-income trading teams. According to the official announcement, T. Rowe Price integrated Propellant Digital's analytics platform into FlexTrade's FlexFI execution management system, aiming to streamline workflows, provide real-time market insights, and enhance trading strategies.

This integration embeds pre-trade data—including current market activity, historical prices, and aggregated trade volumes—into the FlexFI order blotter, supporting the increasing transparency requirements for fixed-income trading in Europe and the UK.