Peer-to-peer forex services aim to bypass Wall Street banks.
"New platforms backed by institutional investors could save hundreds of millions of dollars in fees. Some of the biggest institutional investors in the foreign exchange markets are aiming to cut out Wall Street banks from their trades, saying that by linking up directly they could save hundreds of millions of dollars..."
About FX HedgePool
FX HedgePool is a multi-award winning matching platform for the mid-market execution of FX swaps that is transforming the market through its breakthrough unbundling of 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 the sell-side. Founded in 2019, FX HedgePool is on a mission to modernize institutional FX through bold innovation and leading-edge technology for the betterment of all.