The FX peer-to-peer platform that intermediaries like too

Peer-to-peer platforms are one of the many promises of the blockchain age. More than one has emerged in the giant foreign exchange (FX) markets, as entrepreneurs look to wean institutional and corporate users of the FX markets off their habit of paying too much to banks by netting buy-side trades before going to market. But FX HedgePool, founded by former State Street and BBH currency management veteran Jay Moore, has a specific focus: the predictable monthly and quarterly currency hedging activities of asset owners and managers looking to protect assets and share classes from adverse movements in exchange rates. He told Dominic Hobson why the firm chose to specialise, and why banks as well as buy-side firms gain from what HedgePool does.

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15/03/2021 by Andrew Woolmer

How is buying TCA from State Street in any way independent?

15/03/2021 by Jay Moore

Hi Andy, thanks for the question. When I referred to using BestX for independent TCA, I was referring to them being independent from FX HedgePool to validate that we are in fact delivering what we say. Best, Jay