LoopFX

It was great to talk with The Full FX community about how lessons from chess can help us all make better decisions - thanks Colin for the invite. I had a bunch of messages asking for the picture of the ‘stupendous blunder’ we talked about.. Here it is..! This was a proper clanger. Knights don’t move diagonally.. Only in L-shapes..! If Knights could move both diagonally and in L-shapes, this would have been quite smart.. 😂🤦♂️ Decision paralysis impacts us all. Being honest about the problem is a great place to start.

☝️ Here is a great write up from Johnnie and the Augmentum Fintech team on why they followed FX Connect and Portware, a FactSet Company, in partnering with LoopFX 👍 A great quote from Johnnie here too.. 👉 “The market expected real-time decision making to be guided by historical performance, a faux pas that is written into nearly every financial disclaimer - “past performance does not guarantee future returns”… Yet every day, Asset Managers, through no fault of their own, execute the largest FX transactions in the world based on Banks performance several weeks or months previous…”

🙌 Last week, we announced an exciting milestone for LoopFX..! 🙌 👉 Augmentum Fintech has invested £2.6 million in LoopFX following its latest funding round. 👉 LoopFX Co-Founder and COO Timothy Johnson spoke with Lucy Carter of Global Trading to share his thoughts and further details of this partnership, what it means for LoopFX moving forward, and what is yet to come. Well worth a read here 👇 https://lnkd.in/gTN4k6rt

Exciting news hot off the press this morning..! 👉 LoopFX announces a fresh round of funding with Augmentum Fintech, Europe’s leading publicly listed fintech fund, which has taken a £2.6mln stake in the business. 👉 Augmentum is the first institutional investor in LoopFX, and its investment follows the integration of LoopFX’s ‘Peer-To-Bank’ matching technology into leading forex platforms - State Street’s FX Connect and FactSet’s Portware. 👉 We are also proud to announce that Augmentum CEO Tim Levene will be joining the LoopFX Board which is chaired by John Sievwright and includes experienced financial services entrepreneurs Martin Gilbert, Mike Soutar, Tim Ewington and Ivan Ritossa. 👉 Blair comments: “As our first institutional investor, Augmentum’s experience and network will be strategically vital for LoopFX as we move towards launch. Their investment will allow us to build our team and accelerate our capability to meet the needs of our customers.” Link to the press release is available below.. 👇 👊 https://lnkd.in/eCuQHT9c

Blair spoke with Lauren McAughtry as part of a new series of articles for Global Trading focusing on market practitioners' backgrounds and how this influenced their careers in trading. It started with sibling rivalry.. It was Blair’s big brother Craig that showed him how the pieces move.. Then it was a polar bear tagging chess coach called Mrs. Steyn who taught him the values that helped create LoopFX. It’s a great read with some personal anecdotes - enjoy below…! 👇

Exciting news just announced this morning!   LoopFX & Portware, a FactSet Company, today announce plans to integrate LoopFX into FactSet's Foreign Exchange execution management system in early 2024.   Renowned for its market-leading data, analytics, and innovative technology solutions, FactSet will embed LoopFX's ground-breaking ‘Peer-To-Bank’ matching engine technology into Portware, providing FactSet’s clients easy access within their existing workflows directly on their trading screen.    LoopFX serves both the buy-side and sell-side by sourcing large block liquidity in a dark pool, eliminating information leakage. Matching asset managers and banks at an independent market mid-rate, LoopFX reduces trading costs and improves execution processes for large FX trades in excess of $10m.   Blair comments: “We are delighted to partner with another global award-winning FX industry-leading platform on this innovative and client-led idea. 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.”   “Our open architecture makes it easy for clients to use and access LoopFX. Establishing cross market support is essential for a good user experience and the end benefit for our partners."   The full LoopFX & FactSet press release is available below 👇   https://lnkd.in/gMsaAp5p   This is one of many exciting announcements for LoopFX in the coming months - watch this space! 👍 👇 #fx #fxtrading #peertobank #loopfx