Nomura Joins FX HedgePool

Peer-to-peer FX venue FX HedgePool says that Nomura has become the 14^th bank to join its X•Match, peer-to-peer FX swaps venue as a credit provider.

The platform, which recently announced it was removing brokerage on post-trade allocations for its X-Bridge platform that was recently launched, says X•Match enables banks to systematically monetise otherwise idle credit lines without market risk, strengthening client relationships while creating a new reliable revenue source.

“Nomura’s inclusion in the credit provider panel further expands our footprint in the APAC market and invites a broader range of offsetting members into the X•Match community,” says Jay Moore, co-founder and CEO of FX HedgePool. “Banks are essential in making X•Match possible, and Nomura’s extensive client network will enable new participants to enjoy the unique benefits of the world’s leading peer-to-peer matching solution.”

Ben Robson, EMEA head of e-FX distribution at Nomura, adds, “Given Nomura’s geographical strengths, we are well-placed to provide credit-as-a-service by connecting and facilitating flow from clients East and West. Nomura will also help contribute to the diversification of potential counterparty credit risk faced by our clients, and we hope these factors allow us to become a natural facilitator of business over the FX HedgePool Platform.”