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.



Read this next

Retail FX

XPRTcoin Review 2022 – Is XPRTcoin Scam or Legit?

Read our XPRTcoin review today to learn all you need to know about XPRTcoin before signing up with the broker (xprtcoin.com) – by FinanceFeeds.

Retail FX

Financial services domains blocked by Consob rise to 708

In yet another episode in a long-running campaign, the Italian financial regulator, Consob, once again blocked access to a number of investment websites, including those holding licenses in other jurisdictions.

Digital Assets

Binance upgrades Bahrain license to offer full-suite of crypto services

The Central Bank of Bahrain (CBB) has granted Binance its Category 4 license as a fully-fledged crypto-asset service provider (CASP).

Digital Assets

BitMEX spot exchange hits $24 million in daily volume

The newly-launched spot market of crypto exchange BitMEX reported a record of $24 million in 24-hour trade activity on May 25.

Retail FX

Financial Commission certifies offering of trade copier 4X Solutions

The Financial Commission, an independent self-regulatory compliance specialist for the financial services industry, has certified the trading technology offered by trade copier 4X Solutions.

Industry News, Inside View

LIVE from Devexperts webinar for brokers on Fractional Trading

Finance Feeds is providing live coverage of the event that aims to help brokers discover fractional shares as a key tool for a successful brokerage business in today’s trading industry.

Industry News, Retail FX

ASIC celebrates retail ban on binary options as 68% of wholesale clients lose money

In the 13 months before the ban, between 74% and 77% of active retail clients lost money trading binary options. The product intervention order does not apply to wholesale clients.

Crypto Insider

Investing in crypto: how to stay away from weak players

The main reason behind the hacks of crypto exchanges is weak key management. For example, all 4 hacks that took place in 2021 were caused by the ability of hackers to obtain access to hot wallets. 

Retail FX

Vantage launches swap-free gold XAUUSD trades for all clients until end of July

“As the greenback continues to strengthen, we want to support traders who remain bullish on gold or seek short term trading opportunities amid the volatility”