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

Rick Steves

“By introducing this new cycle, we’re offering the buy-side greater choice with respect 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 to the third Wednesday of each month.

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

Significant interest for a mid-month roll cycle

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

The new matching cycle will provide a standardized settlement date in the middle of the month, thus enabling the buy-side to more readily supply liquidity to each other, helping to mitigate risks of tracking error, while eliminating the unnecessary costs of market impact by naturally offsetting positions among peers.

Jay Moore, CEO and Co-Founder of FX HedgePool, said: “Even though an abundance of passive hedging occurs on one day at month-end, we’ve seen significant interest for a mid-month roll cycle. By introducing this new cycle, we’re offering the buy-side greater choice with respect to accessing safe and transparent pools of peer liquidity.”

FX HedgePool’s FX swap matching platform enables direct trading between institutional investors, having matched more than $3.2 trillion of FX swaps since its inception.

Guided by this “win-win-win” commitment and a world-class execution capability, we’ll continue to find and solve market inefficiencies using cutting-edge technology and 10X Innovation Velocity.

The platform helps institutional investors to source liquidity directly from one another, thus stripping out unnecessary costs and improving performance for underlying investors.

The fintech firm is committed to release new and innovative products ten times faster than competitors, “For instance, 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 powers 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 clients and industry experts, not to mention talented technologists and domain experts who want to leave their mark on the world’s largest financial market”, the executive added.

 

 

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