FX HedgePool Launches Daily Matching
Posted by Colin Lambert. Last updated: November 21, 2023
FX HedgePool has announced a new daily matching service on its flagship X Match platform in response to what the firm says was customer demand for a more frequent matching cycle.
The new offering, which the firm says in an announcement has been “rigorously tested” and successfully piloted by the firm’s community, is now fully operational and available for all participants. It reflects the existing month-end rolls process offered by FX HedgePool by delivering fixed-cost FX swap liquidity for daily trading needs.
The daily service offers all-to-all participation, including buy-side, sell-side, and ECNs, and resets daily with a 24-hour participation window. The matching is executed on a “first come-first matched” principle, with execution taking place at 4pm London. Weekly, one- and three-month tenors are available, as are month-end and standard IMM settlement dates.