FX HedgePool launches mid-month rolling cycle for better peer liquidity pools


“By introducing this new round, we are providing the buy side with greater choice when it comes to accessing safe and transparent pools of peer liquidity.”

FX HedgePool has launched a new monthly, mid-month, settlement date-based matching cycle that will anchor on the third Wednesday of each month.

Pegging to the third Wednesday of each month creates a more frequent cycle that aligns with the familiar quarterly IMM (International Money Market) due dates.

In March 2021, FX HedgePool added a quarterly cycle consistent with standard IMM dates to its matching engine to address growing interest in passive hedgers rolling over their positions on a quarterly cycle.

The new matching cycle will provide a standardized mid-month settlement date, making it easier for the buy side to provide liquidity to each other, helping to mitigate the risk of tracking error, while eliminating unnecessary transaction costs. impact on the market in offsetting positions between peers.

Jay Moore, CEO and co-founder of FX HedgePool, said: “Even though an abundance of passive hedging occurs one day at the end of the month, we have seen significant interest in a mid-month rolling cycle. By introducing this new round, we are providing the buy side with greater choice when it comes to accessing safe and transparent pools of peer liquidity.

FX HedgePool’s FX Swap Matching Platform enables direct trading between institutional investors, having matched over $3.2 trillion in FX swaps since its inception.

Guided by this “win-win-win” commitment and world-class ability to execute, we will continue to find and solve market inefficiencies using cutting-edge technology and 10X speed of innovation.

The platform helps institutional investors source liquidity directly from each other, thereby removing unnecessary costs and improving the performance of underlying investors.

The fintech is committed to launching new and innovative products ten times faster than its competitors: “For example, while incumbents in our industry manage an average of three product releases each year, FX HedgePool achieves around 30. It’s an incredibly exhilarating mode to operate in and one that fuels transformational change,” co-founder and CTO Emin Tatosian told E-Forex in an interview.

“It’s this high rate of productivity that attracts enthusiastic collaboration from customers and industry experts, not to mention talented technologists and domain experts who want to leave their mark on the world’s largest financial market,” said added the manager.

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