Loop Integrates with FXall
Posted by Colin Lambert. Last updated: September 15, 2026
LoopFX has been integrated with LSEG’s FXall trading platform, enabling the latter’s client base to access LoopFX within their existing trading workflow, thus extending the liquidity options available.
LoopFX is a dark, mid-market matching mechanism that operates on a “P2P2B” basis, whereby client trades are matched with peers if a match is available, but also with bank interest. It is already integrated with FX Connect, FlexTrade and Portware, meaning, Loop observes, that approximately 80% of real money institutional FX participants can now access the service.
As is the case with the connectivity to FX Connect, FXall users can access the Loop with two clicks, thus without disrupting their workflow.
“Together with our existing connectivity partners, more than 80% of institutional FX participants can now access LoopFX directly within their existing workflows,” says Blair Hawthorne, CEO and founder of LoopFX. “This represents an important milestone in broadening access to our liquidity network while making adoption as straightforward as possible for institutional clients.
We’d like to thank the LSEG team for their support and collaboration in bringing this integration with FXall to market and look forward to working together to enable exciting enhancements like embedding LoopFX within automation functionality later in the year,” he adds.
Simon Jones, head of product and liquidity, LSEG FX, says, “We are delighted to be working with LoopFX to improve execution outcomes for FXall users. Innovations like LoopFX are important for the growth of FX markets. The integration of LoopFX into FXall will help propel its network to the next level and expand the execution options for our institutional customers.”
The Full FX View
This announcement should represent an inflection point for LoopFX, given the breadth of coverage it can now claim. That “network effect” is an important factor in the firm’s development if it is to maintain early momentum.
Feedback on the trading model is positive from the buy side, according to anecdotal discussions had by this masthead, but positive sentiment does not always translate into trading volumes. By increasing the pool of potential matches, LoopFX is nipping this issue in the bud, because make no mistake, the dark, mid-match model is all about the network effect, as it is in other areas such as optimisation, clearing and settlement.
The more likely a participant is to get a match, the more likely they are to place interest into a dark mechanism, so while, at face value, this represents news of just another connectivity agreement, the value for Loop, and its clients, could be significant.
The agreement also reflects something else in the market – the understanding on the part of existing platforms that a new mechanism, that does not interrupt existing workflow – can also add value to their business, and therefore should be welcomed.
