StoneX Group has launched StoneX LoanMatch, an online platform designed to improve liquidity access for institutional clients and banks in the loan market.
The platform has been developed in response to insufficient liquidity in line with loan market growth, the company stated.
Using LoanMatch, users will be able to participate in open matching sessions where they can enter buy/sell orders at a mid-price set by StoneX. Executed with a pre-agreed transaction cost, participants will benefit from clear and transparent pricing, the company said.
Open orders and trading activity are visible across the market, promoting market transparency. Institutional clients and banks will be able to access a large pool of liquidity, interacting with a range of client-to-client liquidity at specific times of day.
These processes take place with complete anonymity, remaining confidential until the point of execution. Only StoneX, as the principal, will know the client’s identity. To ensure efficient settlement, transactions will be settled through the ClearPar system when possible.
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