FX HedgePool is a New York-based provider of a peer-to-peer matching platform for institutional foreign exchange transactions, led by CEO Jay Moore. Its core product matches mid-market FX swaps by separating liquidity from credit, enabling buy-side participants to provide liquidity to each other while leveraging existing counterparties for credit provision. Since launching in January 2020, the platform has facilitated over $4 trillion in matched FX trades and is used by more than 30 global institutions, including large asset managers and top-tier banks. The company raised $8M in a Series A to accelerate a multi-product strategy aimed at delivering further efficiencies for its network of investment managers and banks. FX HedgePool is launching the FXHP Innovation Pool, a community for finance leaders to collaborate on industry challenges using technology, and plans to introduce an FX spot matching service by year-end to meet buy-side demand. The spot matching extension is intended to reduce market impact, tracking error, improve cost transparency, and address operational inefficiencies for buy-side participants.

Total raised

$8M

Funding rounds

1

Latest round

Series A

Latest activity

Aug 2022