FastFin Labs has built FXswapX, an FX swaps matching platform designed specifically for banks to exchange risk with each other, with minimal market impact or information leakage. As a leading creator of trading applications and workflow automation solutions for banks, vendors, venues, and buy-side firms, FastFin Labs does not normally own and operate its own creations. Therefore, it expects to partner with a new or existing industry consortium to bring FXswapX to market quickly and globally, with the full regulatory and operational support of the partner. Richard Leader who leads the firm said: “FXswapX was built using FastFin’s proven Innovation Kickstarter methodology for rapidly prototyping and productionizing fully-functional trading applications – the very same process that we use for our capital markets clients and previous incubations such as FX HedgePool. We will continue to refine the solution based on participant feedback, but we are ready to demonstrate the product today and are on target for a full launch later this year.”
