FX HedgePool
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
FX HedgePool was a New York fintech founded in 2019 by Jay Moore and Emin Tatosian. It ran a peer-to-peer matching venue, X-Match, that let institutional asset managers and banks cross foreign-exchange swaps directly with one another at mid-market rates instead of paying the bid-ask spread to a dealer, later adding bridging and algo-store products.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Company founded
Jay Moore and Emin Tatosian found FX HedgePool in New York to build peer-to-peer matching for institutional FX swaps.
- Product launch
X-Match goes live in January 2020, creating the first centralized marketplace for peer-to-peer matching of FX swaps.
- Funding round
The company raises an $8 million Series A with participation from Information Venture Partners, NAventures, Fidelity International Strategic Ventures, and LMAX Group.
- Acquisition
On October 1, 2024, LMAX Group acquires FX HedgePool, adding FX swaps to its institutional execution venues.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.