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Lack of offsetting move, tech bottlenecks and higher-than-expected prices weighed on start-up’s development
Shopping for FX HedgePool in 2024 will need to have appeared like a good suggestion to LMAX Group.
The overseas change swaps matching platform had constructed a powerful roster of buy-side purchasers – together with massive names reminiscent of Pimco and Vanguard – and facilitated over $4 trillion in peer-to-peer trades since inception in January 2020.
The six sellers that joined as credit score intermediaries had been racing up the FX swaps rankings.
And the $20 million buy worth appeared like a steal.
Not a lot now.
FX HedgePool’s development
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