LoopFX nears launch with Factset’s Portware partnership

Start-up dark pool operator LoopFX plans to launch a new ‘peer-to-peer-to-bank’ matching engine in the second quarter of this year after striking a partnership with FactSet’s Portware trading platform. 

The partnership with Portware’s execution management system (EMS) will help unlock access to a range of large, long-only asset managers and could prove crucial for LoopFX to build activity from the start, its co-founder and chief executive Blair Hawthorne tells FX Markets.

The firm’s strategy is to