FX HedgePool Wins Best New Venue Initiative at e-FX Awards 2020
NEW YORK, LONDON; September 16, 2020 – FX HedgePool, the matching engine for mid-market execution of FX swaps, was named Best New Venue Initiative in this year’s FX Markets e-FX Awards. The awards were presented virtually on September 16.
The e-FX Awards recognize market participants that are transforming the foreign exchange trading landscape. For the 18th edition, the e-FX Awards were contested across 23 submission-based categories, covering all aspects of electronic trading in currency markets. The initial field of entries comprised more than 100 submissions.
FX HedgePool was recognized for its innovation, adaptability, and commitment to enabling a safe and dependable liquidity source for FX hedging.
“It is an honor to be rewarded for our work in delivering a matching engine for mid-market execution of FX swaps,” said Jay Moore, CEO and Founder of FX HedgePool. “Our goal is to create a more efficient market for FX swaps by unbundling liquidity from credit. We envision FX HedgePool as the marketplace for passive hedging of all FX swaps, eliminating friction for both the buy-side and sell-side.”
“FX HedgePool is creating a win-win proposition for passive hedgers and credit banks,” said Richard Leader, COO and Co-founder of FX HedgePool. “The e-FX award is a testament to our commitment to driving innovation and efficiency for all market participants.”
“FX HedgePool has implemented cutting-edge solutions to the market and is creating reference implementation for all financial technologies” said Emin Tatosian, CTO and Co-founder of FX HedgePool. “This accolade is a reflection of FX HedgePool’s mission to change the way financial firms leverage technology to improve workflows.”
FX HedgePool enables buy-side participants to match liquidity among peers, while allowing sell-side firms to optimize their balance sheets. This creates greater opportunity to reduce costs, eliminate market impact, improve performance and minimize operational risk.
About FX HedgePool
FX HedgePool is an award-winning matching engine for mid-market execution of FX swaps that is transforming the market by separating liquidity from credit. This is unlocking vast potential for passive hedgers to provide liquidity to each other, while leveraging existing counterparty relationships for credit provision. Passive hedgers can now access a new source of safe and dependable liquidity, eliminating unnecessary friction for both the buy-side and sell-side. Founded in 2019 by FX industry and technology veterans, Jay Moore, Emin Tatosian, and Richard Leader, FX HedgePool is redefining the FX swaps market.