FXswapX

FXswapX is an FX swaps matching platform designed specifically for banks to exchange risk with each other, with minimal market impact or information leakage. The key issues that our new platform addresses include: - Creation of trusted reference rates computed from bank data, yet without any bank being required to disclose their proprietary data - A trading process that recognizes and fully supports the trading needs of voice traders on STIRT / FX desks while also enabling API connections from those banks who have created internal electronic order books for FX swaps - A matching process that prioritizes large transactions, which is ideally suited for the FX swaps market while also making it very difficult to ‘game’ the process, or extract information